If there’s one wine headline guaranteed to have me reaching for the eye-roll emoji (to be honest, there are several, though never in this fine publication, obvs), it’s the ‘Fine wine index soars as investors toast bullish market’ type of thing.
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The fine wine market continued to face challenges in Q3 2024, as prices dipped for another consecutive quarter. According to Wine Cap's Q3 2024 Fine Wine Report, the market has been in decline since late 2022, with an average drop of 4% in the latest quarter.
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Fine Wine provided stability amid an increasingly uncertain economic outlook in 2022, a new report from Liv-ex has revealed. However, as renewed investment and speculation pushed prices, analysts have been left wondering whether the ‘Covid era boom’ has run its course.
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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 global secondary fine wine market has hit new heights in 2021, surpassing previous records and growing in variety. Andrew Catchpole dips in.
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Fine wine has remained buoyant this year, with increased reliance on technology and automated trading helping the market to reach as yet unprecedented levels.
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Rhône wines traded on Liv-ex rose 40% year on year, according to the fine wine platform’s newly released The Rhône – Solid as a rock report.
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Uncertainties in global trade have hit the fine-wine market, according to the 2019 report from Liv-ex, the online global trading platform for wine.
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Fine wine trader Farr Vintners has reported its turnover for 2017 is up 25.5% hitting £96M.
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