Fine wine investment platform, Cult Wines, closed 2022 with a ‘positive end to the year’, the company has revealed, with its Cult Wines Global Index concluding the 12 months with a 20.54% gain.
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Leading fine wine and spirits merchant Bordeaux Index posted a record sales value of $174m (£128m)in 2021, with turnover rising by almost 50% year on year.
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The BWS category suffered one of its poorest performances on record in November, plummeting -21.4% versus the same month in 2020, as consumers rushed out of their houses to socialise and shop ahead of the fear of potential new December 2021 lockdowns.
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Fine wine prices on Liv-ex 100, the fine wine trading platform’s top index, have enjoyed their most prolonged period of growth since records began – a phenomenon which has signalled “high investor confidence and a healthy market”.
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Online retail sales of beers, wine and spirits (BWS) remain strong, increasing by 18.6% in September 2021, bucking the downward trend of overall retail sales, according to latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers.
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As the trade measures up to extraordinary times and swings through summer, leading businesses and operators take stock of trading conditions in the new normal.
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The drinks industry is lagging behind other business sectors in its approach to sustainability, according to a new report published today.
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The price of Italian wine on the secondary market still lags behind its critical reputation, according to a new report from fine-wine trading platform Liv-Ex. But that could be changing.
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Burgundy has had its best trading year in a decade and is at an all-time high for 2017, according to Liv-ex, the global fine wine trading marketplace.
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