The JF Tobias February Market Decode has been released, containing all the latest JF Tobias insight and analysis on fine wine market performance. It remains the best independent analysis, and helps our clients to stay up to date with what is happening in the fine wine market, and understand fine wine market performance.
- 32% decrease in people looking to sell fine wine, against last month
- Enquiries to sell totalling: £4,717,639 submitted to JF Tobias in the past month
- UK sale share increases by 12%, HK decreases by 7%
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Coronavirus sees Asian trade lurch further downwards
For the fine wine market, few things could be more alarming than the continued spread of Coronavirus cases; especially when set against the backdrop of protracted Brexit talks, a Sino-US trade deal only just ratified, and Trump’s tariffs on wine imports.
With pricing already soft, repercussions were felt immediately. With the success of containment strategies came logistical realities for supply chains in to China. With the border between Hong Kong and China closed, the route through which almost all wine sold to Asia from the UK passes, has meant trade has lurched further down.
With merchants in Hong Kong reluctant to take on stock-owned positions without knowing when they can ship stock, soft pricing has softened further. Given the relative success of containment, it is to be hoped that this is a short-term issue for supply chains. If borders can reopen, trade can begin to tick back over—this leaves the larger question of sentiment.
A fantastic liquid opportunity for those looking to build defensive diversification
This month we want to go back to basics and discuss the fundamentals of wine as an asset. We believe that with so much uncertainty and negative volatility spread throughout financial markets, it may be time to consider bolstering the defensive portion of your portfolio. To that end, we will take a brief look at the virtues of including wine as a defensive part of your portfolio and why now may be a good time to start building.
If you are considering the diversification of your holdings through a wine portfolio, the coming months stand to represent an incredible moment to build.
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At JF Tobias, we pride ourselves on being the best independent port of call in the fine wine market. If you have any questions about the market report, or would like to talk to someone regarding it, please contact us, and a member of the team will be delighted to assist.
