With the end of first quarter of 2016 in sight, ahead of the all-important latest vintage en primeurs campaign, the industry’s key exchange and value indicator, Liv-ex, continues its stream of positive news for the market.
So far the vibe for 2016 is upbeat, Bordeaux is enjoying a seemingly sustained resurgence with the news this week that, for the first time since May 2011 when the market peaked, the Bordeaux 500 Index is the best performing sub-index of the Liv-ex 1000 over one year.
Liv-ex reports that this positive trend is down to buyers returning to the market but still looking for value. These are discerning buyers who are carefully analyzing the best opportunities and providing for a calm, stable upward trend as supply is taken out of the market – a long way from the current uncertainty in financial markets!
Since February 2015, the Second Wines 50 (best performing sub-index of the Bordeaux 500) has risen 8.8%, outperforming all other groups, according to Liv-ex driven by Asian demand for strong Bordeaux brands at lower price points.
Some individual wines are seeing outstanding performance, for example, Beychevelle has risen 13% – ticking all the boxes for value–seeking fine wine buyers right now.
These are all good signs for the current environment for the fine wine market and with uncertainty elsewhere, certainly until the end of June with the decision to be made on Brexit, we feel ‘safe haven’ wine is going to continue to grow in investor appeal.
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