The white-glove Domaine Ponsot sale at Christie's, Geneva, November 8, 2022. Photography © Christie's Images


LIQUID ASSETS


Early indications that the momentum seen thus far in 2023 looks set to continue


§ C


Chloe Ashton delivers the latest wine-auction news and views direct from the salerooms, rounds up the fourth quarter and last year, and sees some hints of sunshine on the horizon


louds may finally be gathering over the fine-wine market. If they are, “they’re more like light rain clouds than heavy storm clouds,” says Matthew O’Connell, CEO of Bordeaux Index’s LiveTrade platform. Though ongoing macroeconomic uncertainty and bruised financial markets may have distracted some investors toward the end of last year, he believes the value of fine wines will hold steady in 2023. And following three years of blue skies and sunshine—unprecedented demand growth, and wine prices galloping ever upward—perhaps stability is the best thing we could ask for.


40 | THE WORLD OF FINE WINE | ISSUE 79 | 2023


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