What is the value of a really good bottle of Bordeaux? Not one that can be bought at the neighborhood wine store for $20, nor even a $100 bottle that might be purchased at a fancy restaurant. How much should collectors and wine distributors pay for those rarified fine wines that, when mature, might sell for thousands of dollars?
In a report published by the London International Vintners Exchange (Liv-ex), researchers at Rensselaer Polytechnic Institute and Syracuse University provide realistic prices for 2018 Bordeaux wines. The researchers developed a highly accurate algorithm that utilizes weather data, expert reviews, and market conditions. The same pricing algorithm provided guidance to buyers for the 2017 vintage, where actual release prices deviated by less than 10 percent.
A new report published by researchers M. Hakan Hekimoğlu of Rensselaer Polytechnic Institute and Burak Kazaz of Syracuse University’s Whitman School of Management outlines a new approach to predicting the release prices of Bordeaux wines (known as En Primeur prices) using weather information and the Liv-ex 100 index. According to their models, we can expect slight price increases this year, on average, for the 2017 vintage wines.
From strategic marketing decisions, to material fabrication, to bio-imaging for musculoskeletal research, Rensselaer Polytechnic Institute is welcoming new experts in research as 13 professors join the faculty in the 2016-17 academic year.