There’s little doubt that the fine wine market has been in doldrums for the last 18 months – and despite a brief rally during August, the latest report from Liv-ex September saw an even sharper decline. We clearly aren’t out of the woods yet, but has the market finally reached the bottom and if so, where are those green shoots? In early September, is seemed as though the end might be in, if not quite within sight, at least almost the horizon. An uptick in trade in the second half of the month, reported by Liv-ex seemed to be a promising sign (55.0% of the trade by value took place in the second half of the month), along with a 9.8% and 9.9% rises in the number of unique brands and wines traded on the market during that month. However, then September recorded the sharpest falls in a year, Liv-ex revealed on Thursday, leaving the Liv-ex 100, which tracks the 100 performing wines on the secondary market, down 7% in the year to date, down 1.7% on the previous month. True, the volume traded was higher than the previous month, indicating that buyers remain in “active” but the value of the trade had decreased. Furthermore the Liv-ex Fine Wine 50 is now below the levels of 2020 after falling 2.1% in September, it noted, while two thirds of the wines listed on the Rest of the World 60 sub-indicies also falling, with some US wines – notably Screaming Eagle and
This Article was originally published on The Drink Business - Fine Wine
