The global fine wine market has enjoyed an impressive rally since the initial outbreak of COVID-19: Cult Wines Global Index +41.5% since April 2020. However, the results have varied by region with Cult Wines Burgundy Index up 67.9% over this period while Cult Wines Bordeaux Index a moderate 19.7% rise.
The year-to-date performances in 2022 also vary, highlighting why it’s important to consider regional allocation. Here, we consider our outlook for each region in 2023.
** Outlook arrows relative to historic market trend.