But I will anyway.
The dip in the market has been deeper (25% or so on average) and longer than most expected, but fine wine prices have stopped falling and indeed are moving up again.
Prices as measured daily by the Liv-ex 50 have been steadily increasing since December last year:
This has resulted in the Liv-ex 100 – the most widely quoted benchmark of fine wine prices – also changing direction:
Many people were waiting for the right moment to move (back) in. It's always tempting to try and call the bottom of the market as that strategy would lead to you maximising your returns, but it's also risky.The next best thing in terms of return but far more attractive in terms of risk, is to jump on the train when it has started to move. Make use of the momentum. Many institutional investors and indeed the trade have. Like always, it's the private collector/investor that's still mustering up enough courage.
We believe the current market presents an excellent opportunity. Risk is low if you compare it to other moments in time and the potential return looks attrractive. There are a number of strategies that can take advantage of this opportunity. We would be more than happy to talk you through them.
I'd say don't wait until the train is moving too fast or is out of sight.