The Financial Times have today published an article on market developments for Fine Wine in India. Ditton Wine Traders, and James Swann in particular, have done extensive research on this, which has been used by the FT for this article.
December was a tough month for the fine wine trade. Signs were starting to point in the right direction and most economists and financial analysts became more optimistic on the Euro surviving.
In this latest piece we look at the emergence of new actors in fine wine markets, by way of wine funds and the increased prominence of fine wine auctions.
In a series of questions and answers Ella Lister, the Auctions and Secondary Market Correspondent for the World of Fine Wine Magazine (WFW) provides critical insight.
Since the Summer, fine wine prices have moved south. So have all bond and equity markets. Systemic risk caused by European debt issues is the main reason. Which in turn affects global growth prospects. Banks are forced to de-leverage, making it more difficult for companies and indeed countries to access credit. Credit rating agencies sound warnings left right and centre, with Standard & Poor’s in their latest move warning that it might downgrade the credit rating of no less than 15 European countries.
WSTA has published a "wine investment guide". It is "published and maintained by the Wine and Spirit Trade Association. Its contents were drafted in consultation with a number of reputable UK wine merchants, retailers, brokers and law enforcement agencies. It is aimed at consumers who are considering investing in fine wines.