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Sign up to our email newsletter Be the first to know about the latest in luxury lifestyle news and travel, delivered straight to your inbox each week. Email Adress Sign up Home | Auctions & Fine Wine Market | Liquid Assets 2020 (Q4): Coping with Covid-19: How the fine-wine market is making the best of a tough year Liquid Assets 2020 (Q4): Coping with Covid-19: How the fine-wine market is making the best of a tough year By Chloe Ashton | March 23 2021 The top lot at Sotheby s Hong Kong sale, July 5, 2020: A Methuselah of DRC Romanée-Conti 1999, sold for HK$2,108,000 / US$271,911. Photography courtesy of Sotheby’s ....
Coping with Covid-19: How the fine-wine market is making the best of a tough year The World of Fine Wine’s auctions and secondary market correspondent, Chloe Ashton, takes a look at how the pandemic has continued to have an impact on fine-wine saleroom activity during the third quarter The fine wine market has become comfortable with uncertainty. Since the glory of autumn 2018, which saw the Liv-ex 1,000 index reach record-breaking heights, turmoil of one kind or another has plagued major markets but the industry and its assets have resisted well. Exceeding expectations “Things are less negative than we thought they were going to be,” says Tom Stopford Sackville, CEO of Goedhuis & Co. Speaking to him just before the beginning of the UK’s second lockdown, he nonetheless caveats that as far as London is concerned, while the first stint of staying at home was perhaps a novelty for some customers, who consequently “decided to spoil themselves with nice w ....