The market for high-end Burgundy, Bordeaux and other fine wines is on track for its third straight year in the red, after the Trump administration’s tariffs deterred US buyers and investors preferred assets such as stocks and gold.
Wine prices have fallen 2.8 per cent this year to the end of November, according to wine exchange Liv-ex’s Fine Wine 100 index. Bordeaux prices fell 6.6 per cent, Burgundies lost 4.4 per cent and vintage Champagnes dropped 4.3 per cent.
“It’s been brutal,” said Justin Gibbs, deputy chair and exchange director at Liv-ex. “In previous [market] declines there have been bright spots. But in this particular bear market, it’s been everything.”