Liv-ex’s report, The Fine Wine Market in 2022, examines the impact of political and economic headwinds on the fine wine secondary market, the top performing wines and regions in 2022 and what to expect in 2023.
Key findings in the report:
- Fine wine continued to outperform equities and commodities – cementing its worth as an alternative asset and hedge against inflation.
- The number of wines trading has overtaken the 2021 record – although the rise is slowing.
- Despite a successful year, the wider economic storm affected the secondary market – the Liv-ex Fine Wine 100 recorded it first dips in 18 months.
- Bordeaux’s market share fell to yet another low this year – 34.5% of total trade by value.
- The number of Burgundian wines traded on the market rose to over 4,000 – a dramatic increase for a region whose secondary market share used to focus on a tiny handful of wines.
- Despite their strong performance in the early stages of the year, market sentiment for Champagne and Burgundy has begun to decline, with many high value Burgundies becoming increasingly difficult to sell.
- Warning signs in the various Liv-ex indices point to a period of drift for the fine wine market in the short term.
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