Worldwide demand for fine wine is returning according to a specialist wine investment fund. In particular demand from China has shifted away from corporate gifts to genuine consumers which should give more longevity. An upsurge in sales has also been detected in Eastern European countries but not Russia due to its economic and geopolitical problems. However economic recovery in the USA has stimulated demand again.
As a result the Wine Investment Fund are predicting a rise of 9% for the fine wine market in 2015 following 4 consecutive years of decline in the Liv-ex indices. The market is currently valued at £6 billion with about £2 billion produced and consumed annually but their concentration is very much on the quality of fine wine as an investment. For more information please click on article below.