Fine wines have seen some consolidation of the heady gains clocked up in 2016, according to the latest report from wine-trading exchange Wine Owners.
The Wine Owners 150 Index is up 7.25% year-to-date, building on the 25% gain notched up in 2016.
Wine Owners says the index reflects a “balanced portfolio of collectible blue-chip fine wines” (and therefore heavily weighted to include Bordeaux).
Top recent performers in terms of annual price growth include Palmer 2001, Romanée-Conti 1999 and 2001 Bordeaux wines.
“The fundamentals for wine as an investment are encouraging; it is the world’s most widely held collectible, and as the world gets richer, fine wine is catching on,” said Wine Owners' latest report.
Providing a relatively upbeat outlook on the wine market for 2018, the report said the all-important Bordeaux secondary market was continuing to strengthen.
“The current wine investment market is a picture of rationality and stability compared with the period of Chinese speculation, and the subsequent Bordeaux market crash, of 2012-2014,” added the report.