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.
The financial turmoil wrought by the spread of Covid-19 is already being compared to the global banking crisis of 2009-2009.
Bordeaux Market Report - March 2020
Liv-ex 100 gains 0.22% in February
February saw the Liv-ex Fine Wine 100 index experience the faintest flicker of a rise, despite grim prevailing market conditions.