The Wine Collector

Practical wine collecting advice from Steve Bachmann, Vinfolio's CEO

Jul

2009

June fine wine prices retreat modestly after large May gains

Categories: Auctions , Wine price indexes

WinePrices.com's most actively traded fine wine indexes were down 1%-4% in June 2009 based on global auction results (the Dow Jones Average was down 0.6%) after their 10%-17% gains in May. See the full summary results page for all nine indexes (and archives for prior months). The California 100 index finally showed some life and the Italian and Port indexes managed to turn in positive performances.

Auction activity in July is limited and non-existent in August so look for September results for the next major opportunity to assess price levels.

2 comments:

Wine market has not recovered from economic recession. Well known brands have annoyed job cuts. Wine maker are targeting new countries. The promotional strategy is more focused and different for regions. Still investment prospects are more in this sector.

Posted by Neil Hess at Wednesday August 19, 2009

Every market suffered from the recessiom. One of the hardest hit was theCuban Cigars market. It really took a fall and hasn't recovered in the least.

Posted by Steve A at Tuesday September 1, 2009

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