UK: Are there reasons for ‘cautious optimism’ for the fine wine market?

Steady demand for “select” fine wines during Q3 among other positive indicators has suggested a price recovery may be “on the horizon”, the latest Wine Cap report has claimed – despite the market remaining bearish in recent months. Wine Cap’s Q3 report noted that there were reasons to be hopeful despite the “consistent decline” in fine wine prices in recent months. It pointed to the fact that certain wine brands had bucked the trend by outperforming the market, noting “the importance of strategic, brand-specific investment decisions”. Standouts included Krug Vintage Brut 2004, whose strong performance of 21.6% made it the best-performing wine year-to-date; Domaine du Pégau’s Châteauneuf-du-Pape Cuvée Réservée 2012, which rose by a similarly strong margin (21.2%); while Sassicaia 2011 saw an 21% increase, with its 2015 vintage also performing well, up 12.1%. Two vintages of Vega Sicilia Único performed strongly, its 2010 and 2011 vintages rising 19.8% and 17.9% respectively, while ...