Is wine worth a punt?

The Liv-ex 100 Fine Wine Index is up 9.5% over 12 months. So should you be piling into the fine wine market? Jody Clarke finds out.

Up 9.5% over 12 months, the Liv-ex 100 Fine Wine Index (below) has clawed back some of last year's losses, when the industry's main benchmark index fell 14.6% in 2008. So should you be piling into the fine wine market?

Probably not. First off, new Asian buyers and a "whole pile of Johnny-come-lately types" are fuelling current demand. A six-litre bottle of Chteau Ptrus 1982 recently sold for a record £60,000 at auction in Hong Kong, a city where wine imports rose by more than 40% in the first eight months of the year.

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Jody Clarke

Jody studied at the University of Limerick and was a senior writer for MoneyWeek. Jody is experienced in interviewing, for example digging into the lives of an ex-M15 agent and quirky business owners who have made millions. Jody’s other areas of expertise include advice on funds, stocks and house prices.