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Langton's Fine Wine Index
Langton’s Fine Wine Index (LFWI) was conceived to provide our clients with a more
meaningful guide to the overall performance of ultra-fine wine on the secondary
wine market. Presented in a similar format to the All Ordinaries and utilizing Langton’s
database of price records dating back to the late 1980s, the LFWI is an easy-to-follow
guide to price movement. The 2005 LFWI tracks the performance over time of a basket
of 28 leading Australian wines selected from Langton’s Classification of Australian
Wine from five vintages: 1986, 1990, 1994, 1996 and 1998.

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1990 Shiraz Index
Today fine Australian Shiraz is instantly recognizable for its complex matrix of
aromas, concentration and texture. It is unmistakably Australian, delicious to drink
and a brilliant investment for any serious wine investor. This graph charts the
performance of eight Australian Shirazes from the great vintage of 1990. While the
1990s have been a decade of very good vintages, the 1990 vintage is a stand out.
The eight brands included in the chart are Barossa Valley Estates E&E, Bowen
Estate, Brokenwood Graveyard, Dalwhinnie, Jasper Hill Georgia’s, Rockford Basket
Press, Wendouree and Wynns Coonawarra. While the steady price increases can be attributed
to a number of factors, overseas buyers have been one of the major driving forces.
The international wine buying market is discovering and appreciating the ageing
properties of Australian Shiraz more than ever before and the recent focus of celebrated
American wine writer Robert Parker Jr. on Australian Shiraz has encouraged the market
even more. Overall, prices for Shiraz from the 1990 vintage continue to rise and,
given the awesome qualities of these wines, we do not expect to see a softening
of prices in the immediate future.
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