The secondary wine market for top wines had a successful first quarter despite Covid and the Ukraine war. According to the trading platform Liv-ex, the price development of top wines was able to hold its own against the economic turbulence on the world markets. The platform's latest quarterly report shows that "2022 picked up where 2021 left off". Above all, the 2020 Burgundy vintage had contributed to this. Already last year, the Liv-ex Fine Wine 100 index had broken all records. This development has continued. In the first three months of the year, the index increased by 1.9 percent and the Liv-ex 1000 index by 3.5 percent. Above all, Burgundy and Champagne were able to increase massively. But also wines from the USA, for example Screaming Eagle from Napa, continued to grow in value (+7%).
The star of the past three months was the 2012 Domaine Leflaive in Puligny-Montrachet, whose price increased by 76 percent. According to the Liv-ex analysis, this underlines the pioneering role of Burgundy: Nine of the ten top wines come from Burgundy, the Domaine Jean Louis Chave from the northern Rhone alone made it into the top ten.
The report makes it clear that top wines continue to outperform the major stock markets as an alternative asset. The Liv-ex Fine Wine 50, for example, remained stable in the last quarter and outperformed the FTSE100 and the Dow Jones.
(ru / source: Drinksbusiness; photo: XX)
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