The Liv-ex 100 Index of fine wines is poised for a 14 percent gain this year after the market’s return to stability and less selling of stock by institutional holders, the London-based Wine Investment Fund said in a January report.
The prediction follows a decline of 9 percent in 2012 and 15 percent in 2011, driving prices below trend and taking the Bordeaux-dominated index down 28 percent from its June 2011 peak, according to the report.
“Downside risk is now rather limited and price falls over the year as a whole require a pessimistic view,” the fund said, adding there’s an 85 percent chance of “positive overall price movements” this year.
To contact the reporter on the story: Guy Collins in London on firstname.lastname@example.org.
To contact the editor responsible for this story: Paul Sillitoe in London on email@example.com