Fine wine prices drop 15% in 2011

04 January, 2012

Fine wine prices fell 15% in 2011, fine wine index Liv-ex has reported.

The Liv-ex Fine Wine 100, the fine wine industry’s leading benchmark, fell 3.9% in December, its sixth consecutive month of decline. It closed at 286.33 – down 14.85% for the year.

The Liv-ex Fine Wine 50, which tracks the daily price movement of recent vintages of the Bordeaux first growths, fell rapidly between Christmas and New Year. Soft demand saw the benchmark lose 4.96% in December – its fourth-largest monthly fall since January 2000. 

Price drops in the third and fourth quarters saw the index fall to 334.45 at the end of the year – down 16.62%.

And price falls were not confined to first growths. The Liv-ex Fine Wine Investables index, which tracks chateaux commonly found in a wine investment portfolio, fell 9.97% in 2011.




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Rosé tinted glasses

I was asked recently what I thought the biggest change had been in wine fashion in the past five years. My answer was unequivocal: sales of pink wines. From being a niche that expanded and contracted with the sunshine, rosé has subtly but steadily become a stalwart of many merchants’ ranges, with Provence firmly at the top and asked for by name.

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