1.‘Appellation d'Origine Contrôlée’ (AOC) limits production and supply due to fixed parcels of land, with top Châteaux only yielding about 180 cases per acre.

2.Due to weather, only 3 or 4 vintages per decade make great wines.

3. Bordeaux’s broad appeal ensures its reigning popularity while growing global demand of the limited commodity drives up the value of vintages from these established producers.

4.Investment grade wines as an asset class represent a perfect inverse supply curve.

5.Investment grade Bordeaux wines have increased by an average of10% per year for the last 50 years, with the smallest increase in value during the first few years of holding and most dramatic increase at the end of the hold term.

6.Over the last 20 years, there have been no 5 year periods where fine wine yielded negative returns.

7.As an asset class, wine demonstrates no correlation or weak negative correlation to movements in the capital markets, while providing positive returns over targeted hold periods. Hence, wine as an alternative asset is a healthy diversification tool for investor portfolios.

8. Bordeaux wine matures over a long period of time and stores well so that after a 5 year holding period the wine is ready for drinking and increased in value.

9.Liv-ex (London International Vintners Exchange), the leading exchange for fine wine and an active liquid market for sale of inventory, focuses heavily on Bordeaux wine.

10.Wine bought by the Partnership will never lose its value as each bottle is insured at replacement cost.