Which wines are delivering top growth in a period of correction in the wine investment market? Find out where the ‘green shoots’ are.
Top 5 performing investment wines in Q3 2023
| Wine | Region | Price | Q3 Growth |
|---|---|---|---|
| Bartolo Mascarelo, Barolo 2016 | Piedmont | £3,910 | 24% |
| Chateau La Conseillante 2013 | Bordeaux | £904 | 20.3% |
| Bruno Giacosa, Barolo Failello Vigne Le Roccha Riserva 2000 | Piedmont | £6,600 | 19.4% |
| Joseph Drouhin, Montrachet Grand Cru, Marquis de Laguiche 2014 | Burgundy | £8,906 | 19.2% |
| Giacomo Conterno, Monfortino Riserva 2004 | Piedmont | £15,158 | 18.8% |
Source: Liv-ex Q3 2023 Market Report. Mid-price at 30.09.2023
Investment wines delivering top value
Italy’s Piedmont has produced three of the top five wine investment performers in Q3 2023. The Italian investment wines have been the least impacted by market conditions this year. Lower levels of supply, quality and rarity are driving value along with lower exposure to the unsustainability of the bull run peaks in 2022.
Bordeaux’s blue-chip fine wines have also seen an increase in demand as their liquidity and brand equity continue to appeal as safe haven investments.
The first three quarters of 2023 have been a period of adjustment in fine wine values from the market peak in October 2022. Performance benchmarks in Q3 are showing a change in pace suggesting the market could be approaching its lowest point in Q4. The next few months could certainly be a key window for wine investors.
Key benchmark indicators for wine investors in Q3
- The volume and value of trade on Liv-ex has increased month-on-month
- 49 of the Liv-ex 100 constituent wines increased in price in September compared to 35 in August and 20 in July.
- The number of individual wines traded in the secondary market increased each month in Q3
- Italy, California and the Rest of the World Liv-ex indices grew in September and Champagne remained static – these segments are recovering value
- Individual wines achieved growth around 20% in Q3
Data extracted from Liv-ex Q3 Report, October 2023.
The third quarter saw growing activity on Liv-ex as buyers took advantage of discounts in key wines. Champagne in particular saw increased levels of trade and as a result key wines from the region are some of the most traded by value and volume this year.
Our September Market Update covers some of the significant developments which we expand on in our Q3 Market Report to be published shortly. In the meantime our expert team are available to answer your wine investment questions on 0203 384 2262.