What to buy in wine this quarter – The Property Chronicle
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What to buy in wine this quarter

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With Bordeaux and Burgundy offering lacklustre returns, the trading focus has moved to Piedmont, Champagne and the Rhone Valley

The second quarter of 2019 was largely tranquil for the fine wine market, with trade bobbing along nicely but no particular surges or dips. Global stock markets enjoyed a rise after Messrs Trump and Xi found some accord over US-China trade relations, but this does not yet seem to have inspired the wine market. Wine stock levels are healthy among Asian traders, so not even a continuing depressed sterling is bringing much marginal demand from that corner – nor is it from the US. Recent political developments in Hong Kong have made traders cautious, both in Asia and Europe, and of course Brexit continues to loom. The wider wine market needs the feel-good factor to make it motor, and that appears to be in very short supply these days. With all of this in the price, any better news will surely have a positive impact.






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About Miles Davis

Miles Davis

Miles Davis is a guest contributor from Wine Owners (www.wineowners.com), the fine wine collection management and investment platform based here in London. Miles is a professional wine consultant working in the fine wine market. He has been a wine collector for thirty years and managed wine investment funds between 2006-17 for Wine Asset Managers LLP.

Articles by Miles Davis

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