The JF Tobias May 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.
- 4% increase in people looking to sell fine wine, against last month
- Enquiries to sell totalling: £1,816,415 submitted to JF Tobias in the past month
- UK sale share increases by 12%, HK decreases by 4%
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A developing crisis in Hong Kong
Despite US and Chinese economies reeling from Covid-19, the latter has made best use of civic restrictions as parliament voted to approve a national security law that will be imposed upon Hong Kong. Backlash has been sparked both domestically and internationally; neither good news for the fine wine market.
As prices find support, is this the end of the market correction?
As prices across the wine market have sat in equilibrium for two weeks now, something that has not happened in over 9 months, it looks as if the corrective bear leg of this market cycle appears to have found support, and therefore a finish.
To explore this statement further we will briefly look at what price is and how a market comes to find “support”.
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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.
