The ‘dream-like collection’ of a single connoisseur has defied sale forecasts by Sotheby’s, comfortably exceeding them at auctions in New York and London this week. “A triumph,” was the verdict of Stephen Mould, head of wine for Sotheby’s Europe, on the New Bond Street outfit’s big event in the capital. More of the wines will […]
James Suckling is the first top wine critic to publish his En Primeur scores of the 2016 vintage. Always one of the earliest to set out his stall for the latest Bordeaux vintage, his overall view is that “2016 is an exceptional vintage, equal to the exquisite 2015”. Suckling may well be using this platform to position himself as Parker’s successor as the wine world focuses on Bordeaux at this time of year.
The dust is beginning to settle following Philip Hammond’s last Spring Budget (will now be an Autumn Budget) and I can report that there are no significant changes that will directly affect investments in fine wine by U.K. Resident and domiciled individuals. However with Article 50 about to be triggered by Theresa May and our formal exit from the EU only two years away it’s a case of watch this space. Whilst I cannot see Brexit changing the UK domestic tax landscape fundamentally, there will be yet unknown changes to the taxation of international trade and the imposition of Customs Duties.
With two weeks to go, Bordeaux will be gearing up for the arrival of the world’s merchants, press and critics to have the first opportunity to taste the soon-to-be released 2016 vintage. Those who have dared to put their heads above the parapet are making positive noises, most notably Philippe Dhalluin, MD Chateau Mouton Rothschild, is quoted as saying of 2016 – “is clearly an excellent vintage”.
The fine wine trade has the “wind in its sails”. Having weathered troubled waters in 2011 – 2014 and flat calm through the first half of 2015, 2016 has re-energised the market and the forecast looks good for the year ahead. Liv-ex has published the findings of its annual survey of trade members and their […]
At the risk of sounding like a record that has got stuck, the Lix-ex Fine Wine 100 index went up yet again last month. That makes a record 15 months of consecutive rises, taking the index to its highest level since October 2011 when it reached 308.3. Calculated at the end of each month, it […]
International property investment specialists, Knight Frank have just published their annual wealth report providing a review of the current investment trends of ultra high net worth investors around the world. The 2017 Wealth Report studies the performance of asset classes with a particular focus on property but KF have also created an interesting market guide […]
Market analysts have recently reviewed the performance of FTSE against the collection of assets referred to as SWAG (silver, wine, art and gold). Liv-ex has measured market risk versus growth for the investments over the last twenty years and found fine wine leading the pack. SWAG and FTSE : Risk v Return Source: Liv-ex.com February […]
A Burgundy-based wine maker has commented in the trade press this week on the prices the region’s wines are currently achieving. Yannick Champ, of Nuit-St-Georges based Domaine Prieure-Roch, believes that the Burgundy values are “dangerous” and could lead to a crash similar to that experienced by Bordeaux post 2011. Of course there is considerably more […]
Treasure seeking is a reality! In fact there are a group of highly prized assets whose rarity and value has provided such spectacular growth for their owners that they are actually referred to as “Treasure Assets”. These include fine art, classic cars, vintage watches, antiques, rare stamps and fine wine. There is nothing whimsical about […]