Fine wine news

This year could see investors expand their portfolios by a considerable amount. As well as investing in Bordeaux first growths, they have already started to buy up Burgundy, Bordeaux second wines and other value options.

Now, the industry could be see greater wine investment in Italy as some wine merchants have reported strong sales growth in the region.

One merchant, Bordeaux Index, has reported a 63 per cent hike in demand for Italian wine from investors, Harpers Wine & Spirit stated.

Speaking to the news provider, Gary Boom, managing director of the merchant, said: "Italy now boasts fine wine producing areas and producers capable of competing with the top French and international names while retaining an exceptional quality/price ratio.

"This trend is attracting a wave of interest in wine buyers all around the world who are not only willing but are also keen to understand these wines more."

Fine & Rare has also reported almost £2 million of sales of Italian wine.

Wine from Tuscany seems to be highly-valued in particular and the upcoming Vinitaly 2012 event in Verona on March 25th-28th could lead to even greater interest in Italian wine.

While the event will feature an abundance of Bordeaux wine, it is also sure to attract interest in vineyards outside the region.

However, the Liv-ex Fine Wine Exchange's head of data and research, Jack Hibberd, told Harpers that Italian wine could be the favourite of consumers rather than investors.

"Last year was very strong for the Super Tuscans, but it's doubtful whether these are being bought purely for investment," he suggested. "The investment market is staying very centred on Bordeaux."

Farr Vintners' Stephen Browett also suggested that Italian wine might only appeal to a limited market and this will therefore affect how well it performs as an investment.

Posted by Helen Jenkins