- Fine wine continued to hold steady in Q2 though it rose at a slower rate.
- The Burgundy 150 was the best-performing sub-index of the Liv-ex Fine Wine 1000.
- Louis Roederer, Cristal 2008 was once again the top traded wine this quarter.
- Rhône and Burgundian labels led the list of best price-performers.
History does not repeat but it often rhymes. As the second quarter of the year progressed, headlines have increasingly echoed the 1970s, with a fuel crisis, the resulting inflation (or worse, stagflation), widespread strikes and a conflict involving the world’s superpowers, dominating the news.
The world’s economic woes have continued to deepen from the first quarter to the second, reflected in bond and equity markets (some of which have entered bear markets) but the fine wine market has managed to keep its head – for now.
As the chart above shows, fine wine has remained steady as other markets have tottered. However, although the leading indices have made gains, their pace has been much more subdued in Q2.
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