Q3 2021 Performance Introduction
The fine wine market kept on rolling in Q3 with three months of positive returns leading to a 5.16% quarterly rise, as measured by the Liv-ex 1000, the broadest measure of the market. The strong quarter came from a diverse base with each wine region seeing healthy demand and rising prices amid the return of more normal economic activity in most countries.
Fine wine’s ability to perform amid uncertainty was on display in Q3. The economic backdrop was mixed due to inflation concerns, supply-chain issues in some countries, and central bank policy uncertainty. However, fine wine prices kept climbing with three straight months of widespread growth.