Bordeaux Market Report - April 2020
In the first week of April, the value of fine wine available on Liv-ex reached £50million for the first time as wholesale trade moved online
While we may be stuck inside, consumer sentiment towards wine and spirits has remained intact.
The Liv-ex 100 declined just 1.06% to close at 299.36, helped in part by the weakness of Sterling.
The region continues to show its resilience in perilous times.
Perhaps now is the time to take advantage of the currency moves and add fine wine to one's portfolio of (alternative) investments?
Finding stability with Champagne
Fine wine is, for the moment, holding up against other equities as the world markets plunge into turmoil as the Covid-19 pandemic spreads.
Château Latour has cancelled its planned release of the 2012 vintage this week, with the launch now reportedly moved to the autumn.
The financial turmoil wrought by the spread of Covid-19 is already being compared to the global banking crisis of 2009-2009.
The Union des Grands Crus de Bordeaux has confirmed that, for the time being, the annual primeurs week will go ahead as scheduled.
Bordeaux Market Report - March 2020