Afine wine price boom in recent years may give way to a more sedate market atmosphere in 2023, but with several possible tailwinds to consider.
Fine wine reinforced its reputation as an alternative asset with a strong 2022 performance. Prices rose by 13% in the face of equity market turmoil, according to Bordeaux Index.
‘The pace of growth definitely slowed in the second half of the year,’ said Matthew O’Connell, CEO of Bordeaux Index’s LiveTrade trading platform. Yet, he added, annual growth above 10% is considered better than average.
Indices for key regions showed
