The Liv-ex Fine Wine 100 index – the industry benchmark which is calculated in Sterling – has seen strong upward momentum since November 2015, rising 18.8%.
As can be seen from the chart above, the index looks very different when viewed in other currencies. It has fallen in all currencies apart from Sterling.
Euro, Yen and Dollar-based buyers have been taking advantage of the favourable currency situation. As the chart and table (below) show, the fine wine market has fallen the most in Yen year-to-date.
Sterling weakness has also benefitted the FTSE 100 equity index with companies receiving a boost when foreign earnings are converted into Sterling. Since the end of June, the FTSE 100 is up 6.1%. The Fine Wine 100 is up 8.3% over the same period.