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.
it is not surprising as August is the time most people are on holiday and the markets are thin so anyone selling could dramatically affect it based on thin volume as well as having to offload profits made to cover losses in other investments
ReplyDeleteLi vex is a closed market system and not truly representative of the wine market as a whole based on its small volume an indicator maybe representative NO!!!!!!!!!!!!!
Anon. Thanks. Time will tell if it is a blip or a trend.
ReplyDeleteI have noticed that Liv-ex is not that accurate on pricing its a rough indicator
ReplyDeleteAnon. Please provide some examples to back this up.
ReplyDelete