Has fine wine price appreciation peaked?
Has fine wine price appreciation peaked?
Aug 5, 2010 6
Although the change is widely blamed on a summertime sales slip, some believe the shift is part of a longer-term trend and that fine wine prices may have peaked. The Liv-ex Fine Wine Indices all suffered a slight fall over June and July, despite hitting record highs throughout recent months and climbing steadily since last year. The Fine Wine 100 Index ended July on 300.93 points, a drop of 3.74 (1.23%) on June. It does, however, remain up 25.7% on the year-to-date and has recorded a year-on-year rise of 38.3% The Liv-ex Claret Chip also took a slight downturn, finishing trading in July on 361.13 points, a drop of 1.55%.
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