eries of successful high-profile auctions have taken place in Hong Kong, of which three within the first month of the year. Further proof of HK’s prominent position in the Bordeaux-dominated fine and rare wines market. Two of these auctions were particularly high profile with a partial sell-off of the cellar of Lord Andrew Lloyd Webber, followed by a consignment from Bordeaux Winebank, a fund. Acker, Merrall and Condit, meanwhile, followed-up with a sale of premium Bordeaux and Burgundy.
The latest monthly bulletin from Liv-ex, shows the effects of currency exchange on the strong price appreciation among the London trade, suggesting there may yet be some way to go amid increasing concerns about a fine wine bubble. Supporting this interpretation are the results of their benchmark Liv-ex Fine Wine 100 Index, which the exchange has converted into other major intern
The Wall Street Journal posted this article today:(quote)
There isn’t much that’s finer than wine these days, especially as an investment.