Fine wine trading is up
The fine wine market is showing strong signs of recovery with trading up 27% vs November 2008 and up 6% vs the previous month. Prices remained relatively stable with the Liv-ex 100 Fine Wine Index at 235. November saw Bordeaux accounting for 88% of trade, down on 2008, followed by Burgundy at 6%. Liv-ex report the rapid emergence of China as a major trend for 2009 fuelling growth in Lafite and other Bordeaux growths. And with the 2009 Bordeaux vintage heralded as an outstanding vintage the future for fine wine in 2010 looks rosy.