Luxury Market Further Declines with Cost of Fine Wine Dropping
November 18, 2008 | Posted by Allison as Spirits & Palliatives at 10:00 am | Comments »
As the stock market becomes a bargain hunters paradise, so too is the luxury market seeing more clientele.
Even as Aston Martins are dropping in price, the cost of fine wine has seen better financial times. The Liv-Ex 100, which details the prices of the top 100 most sought-after wines, saw a 12.4% drop in October. Not great news for the wineries, but not too bad of news for you if you can afford Opus One.
The wine market has now become a buyer’s market and now it’s time to go collecting.
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