In 2020, Fine Wine has once again proved itself as safe hedge against finanicial market volatility. The broadest measure of the fine wine market, the Liv-ex 1000 is up 1.25% year-to-date and has rarely seen a monthly move greater or less than 0.5%.
The success of wine in a volatile year is, however, no longer a trade secret. Seen below are just a few examples of traditional financial commentators weighing in with their thoughts on the ‘liquid gold’:
- Financial times (Jun 2020) – Fine wine investment ages well amid volatile markets
- Market Watch (Aug 2020) – Invest in tech indexes, but hedge your bets with fine wine and stamps, says this strategist
- Forbes (Oct 2020) – Covid-Proof Your Portfolio With Fine Wine Investment
With increased mainstream financial coverage of Fine Wine and a bounty of highly scored new releases, bids on the exchange have now reached their highest level in 14 months. This despite some very real headwinds still before us.
(The increase in trading automation, which enables end consumers to purchase wines from the secondary market via their wine merchant, is playing its part – with more eyes on the prize).
There are currently 6,787 LIVE bids on your exchange with 287 of them at market. Unique wines traded reached their highest level in October helped in no small way by the growing appetite to post LIVE bids.
