With the Olympic torch parade making its way past the Liv-ex offices today, we decided to get into the Games spirit by analysing how fine wine prices had performed during previous Olympics.
The chart below tracks the increase or decrease in the Liv-ex Investables Index over that year’s Olympics period (looking at the monthly close in which the majority of that year’s Olympics occurred compared with the previous month).
Results are mixed, with the average at a 0.4% increase. Knowing that price growth usually peaks in June before the market declines, it is not surprising to see few solid increases during the late summer months when the Olympics occur.
The gold medal in our chart evidently goes to Sydney 2000. Will London 2012 prove to be an equally successful time for the fine wine market?