Fine wine prices slide, but trading activity is up

Fine wine prices continued their downward trend in January, with most major Liv-ex indices seeing declines. The Liv-ex 100 index, tracking the top fine wines, fell 9.2% year-on-year and 21.2% over two years.
This marks a three-year market downturn since the 2022 highs. However, the Liv-ex 1000 index saw 410 wines rise in value—the highest number in a year.

The Italy 100 index bucked the trend, climbing 0.6%, driven by strong Super Tuscan and Northern Italian wines.

Despite falling prices, trading surged. Total trade count was up 12.3%, volume was up 37% and value increased by 13.4%, as buyers capitalised on lower prices. This suggests growing confidence in the market’s value at current levels. So, with fine wine trading on the up, could a price rebound be on the horizon?