Fine wine showing positive signs

The fine wine market continued its decline in August, with all major indices falling, according to Liv-ex’s latest report. The Liv-ex Fine Wine 1000, which tracks 1,000 wines across all regions, dropped 0.1%, while the Fine Wine 100 fell 1.0%, following a similar trajectory from July. The Liv-ex Fine Wine 50, which is focused on Bordeaux First Growths, also dipped 0.6%.

However, there were some positive signs, particularly in the second half of the month, which saw 55% of trade by value. Regions like the Rest of the World 60, which includes wines from Spain, Chile, the USA, and Australia, rose 0.8%. The Rhône 100, Burgundy 150, and Champagne 50 also posted modest gains.

US merchants were notably active, accounting for 64% of trade in the Rest of the World index, up significantly from last year, suggesting some renewed interest in the market.