Wine investment: Has the market hit bottom?

Although the fine wine market has shown long-term value growth, the recent price correction has been relatively deep and prolonged.
International merchant Bordeaux Index said prices for the ‘prime’ Bordeaux vintages of 2000, 2005 and 2009 have ‘stabilised significantly’ in recent weeks, however.
Prices have dropped over 12 months, but 90% of the decline occurred in the first three quarters of this period (see chart below). Matthew O’Connell, CEO of Bordeaux Index&rs