As traditional investment assets see growth in the second quarter, the fine wine marketplace "Liv-ex" finds itself grappling with a decline in value, and it's not alone in its downturn.
There has been a feeding frenzy in the secondary market, as collectors go looking for Burgundy. What does this say about the fine wine market? Felicity Carter examines the latest Live-ex Fine Wine Report.
London-based wine exchange Liv-ex has released its latest Power 100 list of the strongest fine wine brands or producers. The list is based on the period from 1 October 2021 to 30 September 2022. Bordeaux is ousted from the top 10, the list is now dominated by Burgundy.
In 2021, thirsty US wine drinkers popped 69% more Champagne corks than the previous year. Some of that dramatic increase can be attributed to the impact of Covid on 2020, but sales are still growing and, as Sarah Philips McCartan reveals, France’s iconic fizz is not the only beneficiary of this trend.
Interest in the Fine Wine Market seems to be at an all-time high if you look at the amount of investment as well as the attention the sector has attracted of late. In a series of articles, we will look at its various aspects, hear from different stakeholders and take a peek at where it may be heading. Isabel Kottmann, Jochen Heussner, Nikolay Chashchinov and Jon H. Hanf from Geisenheim University have 1001 questions.
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Recently-created resistant PIWI – ‘pioneering wine’ – grape varieties that take their name from the German term pilzwiderstandsfähig (fungus-resistant), are increasingly seen by viticulturists as a viable solution to emerging environmental and climatic challenges.
