“Judged against the S&P Global Luxury Index, which tracks 80 of the largest publicly traded luxury goods companies, fine wine prices appear to have held relatively steady. The Liv-ex index of the 1,000 most traded fine wines on its exchange had fallen only 1.7 per cent by the end of May, versus a 14 per cent drop for the S&P luxury benchmark. The same holds for global stocks. In the scary first three months of 2020, the MSCI’s world equity index fell over 24 per cent. Over the same period, some wines had double-digit percentage gains in price, according to data from wine exchange Liv-ex.”
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