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Drinking to success: The amount of fine wine traded last year, rather than consumed, was up 70 per cent on 2019
It is time to raise a glass to the future. And if it is full of wine, you may consider joining a growing army of fans turning this pleasure into a shrewd investment.
Lockdown fever has resulted in increasing numbers of people drinking wine at home. And it is not just cheap bottles of plonk we are buying – but also the finest vintages which some are acquiring for investment purposes.
The amount of fine wine traded last year, rather than consumed, was up 70 per cent on 2019 according to wine market tracker Liv-ex. It monitors the prices of a thousand investment quality wines.
Decanter
Super Tuscan estate Ornellaia has released its 2018 vintage, with one merchant praising the sensible pricing.
Decanter critics Jane Anson and Aldo Fiordelli both recently
As a pricing guide, the latest vintage of Ornellaia’s flagship wine was being offered at £800 per six bottles in bond by UK merchants Fine & Rare and Goedhuis & Co this morning (1 April).
That is below an ex-London release price for Ornellaia 2017 of £1,800 per 12 bottles in bond, as quoted by Liv-ex. Current market prices for the 2017 varied. Bordeaux Index was selling six bottles in bond for £765, for instance, with Farr Vintners selling 12 bottles in bond for £1,640.
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