I believe the rush to liquidate fine wine assets to generate cash is behind us
San Francisco, CA (PRWEB) May 27, 2009
Vinfolio today released current performance indicators for the global wine auction market updated through April, 2009. Wineprices.com Fine Wine Indexes indicate that prices continue to climb, as all indexes are up year-to-date (YTD). Specifically, each of the three indexes representing the most heavily traded fine wines are posting double-digit increases YTD, despite still being down 25% to 30% from 12 months ago. All signs indicate that this upward trend will continue in the coming months.
"I believe the rush to liquidate fine wine assets to generate cash is behind us," said Stephen Bachmann, CEO, Vinfolio, Inc. "We should begin to see a return of less price volatility as market equilibrium is restored, though we may not see wine prices at the level of prior index highs for another eighteen months to two years."
The complete Fine Wine Indexes are available free at http://www.wineprices.com/finewineindexes.
April 2009 highlights
- Fine Wine 100: 11.6% YTD, but -30.5% since the April 2008 peak
- Fine Wine 250: 10.8% YTD, but -30.6% since the April 2008 peak
- Bordeaux First Growth 100: 17.7% YTD, but -26.6% since the April 2008 peak
Stay current regarding trends in wine collecting and investing by reading Stephen Bachmann's blog, The Wine Collector, at http://www.vinfolio.com/thewinecollector.
WinePrices.com, powered by Vinfolio, is the most comprehensive and up-to-date free online resource for wine price information, with over 400,000 global auction prices from the last eight years and over 1 million current US wine retail prices. WinePrices.com empowers wine enthusiasts and collectors in support of wine purchasing and selling decisions. For more information, visit http://www.wineprices.com.
Vinfolio is the foremost fine wine and collector services company serving wine lovers, enthusiasts and collectors worldwide. Vinfolio delivers on its commitment to "fine wine, finer service" by offering thousands of wines and a full complement of services and resources to find, buy, sell, manage and enjoy fine wine. Founded in 2003 and headquartered in San Francisco, the company launched operations in Hong Kong the fall of 2008 to serve the Asian wine market and is launching the Vinfolio Marketing, the world's largest online wine source, in early July 2009. For more information, visit http://www.vinfolio.com.