Fine wine merchants are ‘cautiously optimistic’ for 2018
Fine wine merchants are “cautiously optimistic” about market performance this year, according to Liv-ex.
Its annual survey of predictions – which goes out to its 440 members – showed that on average, respondents expect the Liv-ex Fine Wine 100 Index to rise 3.7%, representing a third consecutive year of gains for the market.
In total, 75% believe the market will rise, 17% think it will fall and the rest predict it will run flat.
The survey also asked merchants to identify the best performing sub-indices. Some 76% of those surveyed said the Burgundy 150 will be the top performer, followed by the Italy 100 and then the Champagne 50, which just nudged out the relatively low-performing Rhone 100.