Fine wine decline continues in early 2020
Rupert Millar - Source: www.thedrinksbusiness.com
The Liv-ex Fine Wine 100 registered another small decrease in January as the secondary market began the year with a less than rousing start.
The drop last month was a moderate 0.22% on December's finish but the benchmark index finished 3% down in 2019 in what proved to be a disappointing year for the secondary market.
Many of the problems that caused such head winds last year were exacerbated in January, not least the on-going saga of US tariffs on European wines, recession and coronavirus fears in the Far East and then the UK's official exit from the EU on 31 January, Liv-ex explained.
Nonetheless, trade by value on the Exchange rose by 40% as buyers and sellers returned after the December lull.
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