Fine wine is withstanding unparalleled challenges in 2020 and despite this market confidence has grown as trade maintains robust growth whilst global economies have shrunk and financial markets become increasingly volatile. We look at the factors driving growing market confidence and strong performance trends
“It’s been a tough year for all of us and it doesn’t seem to be getting any better. But a glass of terrific quality wine certainly helps us through…” James Suckling, one of the world’s most influential wine critics, has released his annual ranking of Top 100 Wines of the Year.
Robert Parker, the ‘Godfather of Wine Critics’, retired from his public role tasting and rating wine over a year ago but he continues to influence the market. His legendary palate has identified and promoted some of the most outstanding wines in the world.
Whilst reports suggest Italy, Spain and the Rhone had the largest growth in wines traded on Liv-ex this year so far – up 154%, 153% and 127% respectively from their January 2020 levels, Bordeaux remains the market leader.