Fine Wine Market catches up with Financial Markets
In the last few weeks, we have seen Fine Wine Prices coming down rather rapidly. Reuters have just published an interesting article on this, "Global credit crisis puts damper on wine prices". Auction houses see their sell-through rates dropping and prices as compared to only 6 weeks ago are significantly down. When looking at the Livex 100, the widely quoted Fine Wine Price Index, we see a drop of 16% from the high in August.