Start of a trend or a temporary blip? This is the first significant downturn since the latest steady growth curve started in January 2009.
From the Liv-ex blog:
'Lafite: The force behind last month's losses
The Liv-ex Fine Wine 100 Index lost four per cent in August - its third-most dramatic monthly fall since its inception in 2001. Though the majority of index constituents performed poorly - most notably the First Growths - the real millstone was Lafite Rothschild.
Read the rest of the post here.
See also brief article in the FT
Some analysis in Harpers here.
