I hate to say we told you so

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:

Liv-ex 50 is moving up steadily

This has resulted in the Liv-ex 100 – the most widely quoted benchmark of fine wine prices – also changing direction: