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Fine wine prices ‘could rise 14pc in 2013’

Publishing its forecast for 2013, The Wine Investment Fund predicted that the main wine index – the Liv-ex 100 – will end this year 14pc above where it finished 2012.

The Liv-ex index is a marketplace for professional buyers and sellers of fine wine, with the Liv-ex Fine Wine 100 representing the price movement of 100 of the most sought-after fine wines.

Its members, including merchants, brokers, retailers and wine funds, account for the vast majority of global fine wine turnover.

The bulk of the index consists of Bordeaux wines, although wines from the Burgundy, the Rhone, Champagne and Italy are also included.

Last year, the Liv-ex Fine Wine 100 finished 9.6pc down on the year, compared to a 5.9pc rise in the FTSE 100 and a 2.1pc rise in the price of gold.