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An investment in premium wine has gained more value than an investment in gold in 2021. This is shown by current data from the Liv-ex trading platform. Its index reached a new high in 2021. According to the figures, the Liv-ex Fine Wine 100 Index increased by 20.83 percent, whereas the Dow Jones stock index only increased by 14.43 percent during this period and the gold market decreased by 3.82 percent.
According to the Liv-ex data, all previous records were surpassed in 2021, making it the most successful year ever for the secondary market for fine wine. According to the report, the Liv-ex Fine Wine 100 Index - which tracks the price performance of the 100 most traded wines on the secondary market - surpassed its 10-year high, while the Liv-ex Fine Wine 1000 Index rose for more than 18 consecutive months.
The most successful region in terms of performance was Champagne, and the share of Burgundy in the trade reached a new high. The trade in Bordeaux, on the other hand, declined. The market shares of Bordeaux first wines as well as "blue chip" wines nevertheless continued to grow, as the market had diversified further. This was also evident in wines from countries such as Lebanon, Austria and Armenia, which were traded on Liv-ex for the first time in 2021.
The pandemic has led to continued confidence among enthusiasts, collectors and investors in the "steady yields and tasteful pleasures of fine wine", a Liv-ex statement said, "but (it) remains to be seen whether this optimism will survive the likely return of tighter fiscal and monetary conditions".
(uka / Photo: 123rf.com)