Wine investment shows strong autumn returns
The latest quarterly report from The Wine Investment Fund shows that the fine wine market has bounced back over the autumn following a quiet summer.
The Fund’s October report charts a slump in trade volumes over July and early August before a steady rise at the end of the month and throughout September.
The Liv-ex 100 fell slightly in July by 1.2%, the first drop since March 2009. However, there was a small rebound in August of 0.9% rising more rapidly in September back by 1.5%.
The prediction is for the index to continuing growing until the end of the year by, on average, 1.2 to 1.5% month on month.
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Indeed, the latest news from Liv-ex shows that its Claret Chip Index rose 1.11% in a week from 15 to 19 October. The index is up 1.8% on the month so far.
Although it recently lost its 100-point Parker score – now down to 98 – Lafite 2000 still rose to a new high of £19,268 a case.
Rupert Millar, 28.10.2010
