Q1 2026 Report Now Live | The Fine Wine Market Is Turning

Now Live - WineFi Q1 2026 Wine Market Report

Our Q1 2026 Wine Market Report is now live, and it marks a significant milestone in the ongoing market recovery.

The first quarter of 2026 has produced the most encouraging set of market indicators we have observed since 2022.

We have used our most comprehensive dataset ever, and the most advanced analytics in the market to provide an overview of key indicators so far this year.

👉 View the full report here

What To Expect

• Performance analysis of the wine markets in Q1 2026, including:

  • Three consecutive quarters of rising trade prices, the first time since Q1 2022

  • +3.1% quarterly gain on the WineFi Trade Price Index, the largest since Q3 2022

  • 52.4% of wines now recording higher transaction prices, risers outpacing fallers for the first time in our dataset

• Macro-economic Analysis:

  • The effect of the war in Iran

  • Changing rate hike expectations, and the data behind their effect on the fine wine markets

• En Primeur deep-dive:

  • A framework for assessing whether En Primeur release prices offer genuine value

Three Consecutive Quarters of Growth

Our Trade Price Index, tracking over 2,000 of the world's most liquid investment-grade wines, gained 3.1% in Q1.

That is the largest single-quarter advance since Q3 2022, and it extends the current run to three consecutive quarters of rising trade prices.

• First time trade prices have trended upward for three consecutive quarters since Q1 2022

• Auction markets drove the overall index higher, with sharper price swings relative to the steadier exchange channel

• Exchange trades stabilising alongside auction gains points to the conditions for a broader recovery taking shape

👉 View the full report here

Risers Have Overtaken Fallers

52.4% of wines in our dataset recorded higher transaction prices quarter-on-quarter, the first time risers have outpaced fallers since we began tracking this metric.

• Throughout 2024, the split sat stubbornly around 60/40 in favour of declines

• That gap narrowed through 2025 and has now flipped entirely

• Consistent with improving demand conditions seen across bid-offer ratios and tightening spreads

Liquidity Has Improved

Spreads have tightened sharply. The mean bid-offer spread has narrowed to 13%, the median to just 7%, and the 30-day moving average of total bid exposure on Liv-ex has maintained a clear upward trend since July 2025.

• Across the Liv-ex 50, 100, and 1000, bid-to-offer ratios have all risen

• Burgundy 150 has reached its highest reading since June 2022, driven by renewed strength in DRC and Domaine Leflaive

• Bordeaux 500 bid exposure at its highest level since April 2023

• The weight of evidence suggests demand is strengthening faster than supply

👉 View the full report here

Now Open: The Market Recovery Collection

The weight of evidence in this report points to a market that is recovering, and history tells us that the strongest returns tend to come early in these cycles.

The Market Recovery Collection is our latest investment syndicate, designed to capture the multi-year growth phases that have historically followed periods of market reset. Selection is driven by our WIS scoring methodology and overseen by the Investment Committee.

Investment starts from £3,000.