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Fine wine market 'saw gradual recovery' in 2012
Published on 08/01/2013

Strong sales of wines such as off-vintages from Bordeaux meant the fine wine market saw some recovery throughout the latter half of 2012.

This is according to the Liv-ex end of year report, which stated that despite growth, wine investors could come across problems in the coming 12 months.

Although the industry experienced some improvement at the beginning of 2012, by the end of July the Liv-ex wine exchange Fine Wine 100 index fell by ten per cent, while the Fine Wine 50 dropped by 11.2 per cent.

However, Liv-ex director James Miles said that although last year proved difficult for the fine wine market, the body's indices finished 2012 on a positive note.

"Since the lows of July, the value of bids on the exchange has increased threefold, suggesting a return to confidence," he added.

Most of the wines in the index consist of Bordeax products, while types from Champagne, Burgundy, the Rhone and Italy are also considered.

Last year, the Fine Wine 100 finished 9.6 per cent down on 2011, even though there was a 5.9 per cent rise in the FTSE 100 and a 2.1 per cent increase in the value of gold.

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