1 Min Reading

Fine Wine Market Report: June 2020 Market Decode

The JF Tobias June Market Decode has been released, containing all the latest JF Tobias insight and analysis on fine wine market performance. It remains the best independent analysis, and helps our clients to stay up to date with what is happening in the fine wine market, and understand fine wine market performance.


  • 12% increase in people looking to sell fine wine, against last month
  • Enquiries to sell totalling: £2,146,375 submitted to JF Tobias in the past month
  • UK sale share increases by 2%, HK increases by 7%

Access the Full Report:

June Market Decode

 


En Primeur campaign reinforces market correction

Each year June spells one thing for the wine market: En Primeur. With the world turned upside down, the Bordelais pitched their tents and another new vintage.

Despite a short campaign that will be remembered for the wrong reasons, many estates produced outstanding quality; although masters of selling each vintage as “the best ever”, when Neil Martin says similar, ears begin to prick.

This year was more than a chance to purchase the latest vintage, but served as a barometer for the health of the market. The headline? Undoubtedly the prices. Across the board releases were reduced by an average of 21% compared to 2018. An acknowledgement by those in Bordeaux of a number of things we will explore in more depth.

 

To hold or sell: Understanding how to review your portfolio

Elsewhere the world’s market commentators are all beginning to sing from the same gloomy song sheet. Our economic future will not include a V-shaped recovery and the various timelines for the recovery being suggested all find congruence in their projections of a slow and hard-fought retracement.

Even with the initial shock of COVID dissipating, the effects are going to be seismic and lasting, and as such you should plan and take action to prepare yourself and your entire portfolio for the tests ahead.

With this in mind, we thought we would suggest a plan of action for those of you wishing to know, should I hold or should I sell?

 


Access the Full Report:

June Market Decode

 


At JF Tobias, we pride ourselves on being the best independent port of call in the fine wine market. If you have any questions about the market report, or would like to talk to someone regarding it, please contact us, and a member of the team will be delighted to assist.

The Author

Avatar

Ross