Our Q2 2023 report has now been released. The report examines the macroeconomic factors affecting fine wine demand, the Bordeaux 2022 En Primeur campaign, recent winery acquisitions and other industry news.
Key findings include:
- UK and US stocks experienced a positive upswing, but a note of caution prevails for the second half of the year.
- Major fine wine indices drifted in Q2, partly due to stronger sterling.
- Fine wine demand remains solid, with wealth managers and financial advisors predicting it is set to increase.
- Bordeaux enjoyed sustained interest in Q2, due to the release of the high-quality 2022 vintage.
- The high release prices, however, led buyers to older vintages of comparable quality and the majority of the best-performing wines in Q2 were Bordeaux.
- Marchesi Antinori took full ownership of Napa Valley’s iconic winery Stag’s Leap, while Joseph Drouhin expanded its Burgundy vineyard holdings.
- New World releases will likely dominate the Q3 headlines.
Click below to download your free copy of our quarterly investment report.
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