01.03.12

Fine Wine Market Expected To Rise 10% During 2012

Survey of Global Wine Trade Points to Strong Opportunities for Wine Investors and Collectors in Oversold Market

 

London, 15 February 2012.  A major global survey of 120 leading merchants, auction houses and investment fund managers in the fine wine sector has suggested an overcorrection in the fine wine market in the second half of 2011 presents strong value buying opportunities for wine lovers and investors alike.

The Fine Wine Market Outlook 2012, released today in English and Chinese editions, is a joint report by Wealthmonitor - a journalist-based intelligence service which is part of The Mergermarket Group - and the online fine wine market commentary magazine Wine Yields (www.wineyields.com).

The 40 page report surveys major industry participants in the global fine wine sector, distributed equally between Asia, Europe and the Americas, on a broad range of questions affecting the outlook for the US$4 billion a year fine wine market in the year ahead.

Globally, 59% of survey respondents said they expected the fine wine market to increase in value over the year, with a majority of those expecting gains of 10%.  Only 12% of respondents expected the market to fall further.

Further information: Ali at ewpr