Fine Wines at the time of COVID-19 — Only Italy was in a favorable position on Liv-Ex for the first quarter. In difficult times, it is encouraging to see some positive signs.
The impact of the coronavirus on the world economy and finance can also be seen in the Liv-ex index, which has accelerated the already declining 2019 and the first few weeks of this disastrous 2020. With Italy, the figures are again on the up, yet, the only reversal at the moment.
With data as of March 31, 2020, Liv-ex 100, the reference indices (including Barolo Mascarello 2014, Barolo Villero 2013 in Brovia, Spells 2013 in Gaja. Masseto 2014 and 2015, Ornellaia 2013 and 2015, Giacomo Conterno's Barolo Riserva Monfortino 2010, Sassicaia 2014, 2015 and 2016, Solaia 2015 and Marchesi Antinori 2016 in Tignanello) have lost 1.06%. The Bordeaux 500 is even worse with a loss of 2.7%, and Burgundy 150 marks a loss of 4% as well.
The only one still in positive territory is the Italian 100, which has only a small 0.59% drop. But in dark times, even a tiny good signal can help to wait for the night to pass.