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 predictions for performance in 2017. On average the fine wine trade expects Liv-ex 100 (the industry’s leading benchmark represents the price movement of 100 of the most sought-after fine wines for which there is a strong secondary market and is calculated monthly) to rise 7.8% this year. January and February saw a cumulative 1.7% gain.
The 440 members are estimated by Liv-ex to account for 95% of the global turnover of fine wine. Of course the usual risk warnings apply, prices can go down as well as up and last year’s trade predictions did not foresee the impact of Brexit and the ultimate 24+% growth the Liv-ex 100 actually realized last year.
For more information please read the link: http://www.blog.liv-ex.com/2017/03/fine-wine-merchants-bullish-2017-survey-results.html