Discover the latest insights from Cult Wine Flash Report June’23. [read the full story]
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According to our June 2023 Flash Report, the global fine wine market continues to offer a dynamic landscape. Despite some fluctuations, investment opportunities remain strong, with continuing demand for specific wine regions and selective consumer behaviour opening up potential avenues for strategic investments.
Fine wine markets fell by 0.83% in June, according to the Cult Wines Global Index, as part of an ongoing correction in the wake of the extended rally that stretched from mid-2020 to the end of 2022.
Uncharacteristically, Bordeaux experienced the largest drop. This likely stemmed in part from a shake-up of the market during the 2022 En Primeur (EP) campaign. The releases of the high-quality 2022 wines triggered increased regional trading activity, which led to a repricing of some back vintages.
The stronger British pound relative to the US dollar also impacted the indices negatively (Cult Wines Indices are calculated in pounds sterling).
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