• Veblen Wines Ltd

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.

Read the full article at: https://www.thedrinksbusiness.com/2020/02/fine-wine-decline-continues-in-early-2020/