Fine wine predictions for 2020

New renaissance

If French wines were going to be in trouble in the US it was all coming up trumps (conversely) for Italy which was left out of the 25% tariff back in October.

If that situation had held then there’s no doubt that Italian fine wines had the potential to go gangbusters in 2020 while their European competitors became more expensive.

Now the US administration is eyeing up 100% tariffs on all EU wines and so that forecast seems rather less certain. Even if they are implemented however, there’s no reason that Italy can’t have a strong 2020 because the wines are really starting to turn heads in other markets such as the UK.

The Super Tuscans and Sassicaia in particular lead the way but there’s real interest in Piedmont as well.

It’s interesting that the best-performing wine on the Liv-ex Fine Wine 1000 this year has been Giacomo Conterno’s 2002 Barolo Riserva Monfortino which has risen 75% in price from £5,940 to £10,390 per dozen.

Gaja’s 2007 and 2011 Barbaresco have risen 35% and 31% respectively as well.

Liv-ex is very positive about the potential for Italy in the secondary market and it seems as though it might be a category that weathers the unrest better than others in 2020.

2 Responses to “Fine wine predictions for 2020”

  1. Peter says:

    Trump doesn’t give a s*** about French wine farmers cares about United States farmers so keep your opinion about trump to yourselves He’s the President of the United States not The president of France

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