1、BURGUNDY EN PRIMEUR REPORT CONTENTS2020 EP INTRODUCTION 32020 VINTAGE SUMMARY 4INVESTMENT MARKET OUTLOOK 6CULT WINE INVESTMENT PERFORMANCE 8CULT WINE INVESTMENTS APPROACH TO 2020 EP 9TARGETED PRODUCERS AND TOP 2020 EP PICKS 12CULT WINES|WINEINVESTMENT.COM32020 EN PRIMEUR INTRODUCTIONA GREAT CHANCE T

2、O JOIN THE PARTY!Burgundy is back in vogue.Amid insatiable demand,prices in this prestigious fine wine region are soaring to new heights.The Liv-ex Burgundy 150 index jumped 31.01%in 2021,significantly outpacing the wider rally in the fine wine market(Liv-ex 1000+19.08%).And it doesnt look like the

3、rally in Burgundy is about to stop,making the 2020 vintage En Primeur(EP)releases an important opportunity to get your hands on this regions red-hot wines.FIGURE 1 Leading the pack Burgundy 150 index vs Liv-ex regional indices five-year returns2020 EP INTRODUCTION 90.00100.00110.00120.00130.00140.00

4、150.00160.00170.00180.00190.00Dec-16Jun-17Dec-17Jun-18Dec-18Jun-19Dec-19Jun-20Dec-20Dec-21Jun-21Index levels rebased at 100 on 31 Dec 2016Bordeaux 500Burgundy 150Champagne 50Rhone 100Italy 100ROW 60Liv-ex 1000Liv-ex 100CAGR(2016-2021):13.1%Source:Liv-ex as of 31 December 2021 CAGR=Compound annual gr

5、owth rateWe recommend investors and Burgundy lovers register their interest early with Cult Wine Investment and broaden their horizons to include up-and-coming producers as well as back vintages.With lower supply levels expected for future vintages,we expect fierce competition for the high-quality 2

6、020 wines.This environment could see the 2020 release prices rise 10-30%(depending on the producer and wine)versus last years releases.High-quality Burgundy wine is a great investment but,in this environment,a select approach is essential for maximising onward growth.CULT WINES|WINEINVESTMENT.COM420