Time for Fine Wine?

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Wine index provider Liv-ex says that all of its fine-wine indexes have gone up so far in 2016.

The Fine Wine 100, for instance, has improved for “an unprecedented 12 consecutive months and outperformed other global [indexes]” and is now at its highest level for the past five years according to the group, which runs an online fine-wine marketplace and tracks prices for about 1,000 wines.

Over the past 12 months, more than 4,000 different wines traded from 670 brands vs. 3,000 wines from 265 brands a year earlier.

The market had its first-ever trade in English wine in 2016, when Nyetimber, Classic Cuvee-2010 traded in August. Ao Yun 2013 of China traded for the first time, as well.

John Fox ran Premier Cru, a “phantom wine” futures business that cost investors about $45 million.

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