The Latest Prices for September 2019 are updated!
As the stock market holds onto dear life by a thread, we continue to see steady growth in the fine wine market.
Given the last three months in the wine, the market has been somewhat dry for sellers and lucrative for buyers. This month’s valuations and activity showed a better balance between the fine wine market bears and bulls.
Buying and selling showed a healthy performance and the wine market looks to be in a stable position this month.
Good news came from the China/USA trade deals last week, which gave a nice jolt to the stock market. I believe Trump is purposely creating volatility in markets and using traders in the background trading for him. So we see another rally in stocks, but it’s likely to be short-lived unless Trump can secure a deal with China that China follows through with.
Be careful because we are in correction territory and if things go sour with the trade deals again, (which is likely since these trade talks have been uncertain from almost the moment they began) we will see the stock markets fall again. What amazes me, is no matter how many times investors lose in the stock market, the bulls remain, even though the market looks so overheated. There is a chance that a rally can continue and we see the DOW Jones go over 28,000 points. (I could also see pigs fly past my window) But wouldn’t it make sense to hold onto a safer asset and wait for the drop, then buy in again at a cheaper price? I prefer to wait for a midwinter sale to begin than buy when prices are at their highest. But that’s just my personal opinion. Be alert to the fact that the crooks on wall street will tighten the screws if the walls start coming down and its the investor who will feel the hit, not the banks or wall street.
Despite the torture of watching daily Brexit updates (Because it impacts the wine market). Boris Johnson vows to deliver the vote of the British people but is being blocked at every corner by crooked politicians who most likely have some personal gain or advantage if the UK pays 58 Billion to leave the EU. It does look like either Boris or the Brexit party will win the next election. It’s impossible to speculate what will happen given the story changes on a daily basis. I’ll be enjoying the break this week while parliament is closed between 9 and 12th September. Let’s pray for an exit in October so the country can get back on its feet again. I recall when the US Dollar was almost double the Pound Sterling. It certainly makes fine wine in the UK market very cheap.
If you are a seller, Look for a wine in your portfolio that has a satisfactory return and is over 10 years in age, be prepared to go lower than the current bid by 5% if its a Bordeaux and 10% if it’s a Rhone Valley or a Champagne. Then buy into a younger, more aggressive vintage. With our recommendations, you can buy in low enough to offset the difference between the price you adjusted to sell. While at the same time giving yourself the potential for better growth.
If you are a buyer, Looking for a 2016, 2017 or 2018 vintage right now is a good bet since the en primeur campaigns have not been selling as well and Negociants are willing to offer discounts on new vintages to maintain revenues in newer vintages. Look out for my next recommendation. In August we saw the wine market drop slightly, this month there was growth, which resulted in increased inactivity. We have had a lot more merchants chasing us for wines in August and the start of September. Let’s hope it continues.
The Figures for September
This month’s valuations showed the Bordeaux market has increased by 0.16% for the month. Champagne and Rhone Valley wines showed an increase of 1.52%.
–40% of the wines valued showed a positive return, while 23% showed a negative return and 37% remained the same.
83% of our portfolio is Bordeaux while 17% is Champagne and Rhone Valley.
-The overall gain for ALL the wines valued this month was 0.73%
See below the winners and losers for September versus August.
Below are the five, top and bottom movers compared to the previous month. Over 100 wines are valued each month. The wines valued are ALL OUR recommendations from the last fifteen years.
The new prices are reflected in your online portfolio every month.
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