Experts Provide Realistic Prices for 2018 Bordeaux Wine Futures
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.