Is Fine Wine market about to blossom again?
This June for the first time in 5 years the Liv-ex Fine Wine 100 Index is showing a year-on-year gain. It rose 0.9% in June up 3.4% on the level of June 2014. Liv-Ex director Justin Gibbs commented our internal indicators suggest that a long overdue recovery may be underway. The Liv-ex Fine Wine 100 Index represents the price movement of 100 of the most sought-after fine wines for which there is a strong secondary market. The index is calculated monthly and according to Reuters is the industry benchmark for fine wine pricing.