WineFi Weekly

Welcome to the sixteenth edition of WineFi Weekly👋 
📅 July 8th 2024

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Platform update

We are excited to announce the latest round of development to the WineFi platform. The new update will roll out this week.

Our founding investors will notice (amongst other changes) a shiny new ‘founding member’ badge on their dashboard. The first taster of the benefits that will be available to our founding members.

We are also introducing labels so users can highlight wines purchased elsewhere, or categorise their investments. This will allow greater segmentation within your portfolio, enabling users to analyse certain subsections.

WineFi Celebrated at Founders Capital

Last week we went to celebrate the first birthday of Founders Capital. Founders Capital is a founder & operator-driven investment community, connecting members and investors with the most sought after private companies on the planet across various stages.

FC are one of the UK’s most prolific investors — leading investments into Tesla, Space-X … and Winefi!

It was an honour to be included in their first year recap as a great investment of theirs.

What’s happening in the wine investing world?

The Market as a whole

The secondary market saw Bordeaux strengthen its position, with its trade share increasing from 40.2% to 48.2%. The region maintained its lead in both value and volume of traded wines, with Château Lafite 2019 topping weekly trade for the second consecutive week.

Burgundy secured the second spot, accounting for 18.8% of weekly trade value. Champagne rebounded from a challenging previous week, reclaiming third place and nearly doubling its trade share from 6.3% to 12.5%. The Rhône's performance remained relatively stable, representing 2.6% of total trade value.

Tuscany's trade share held steady at 7.9%, while Piedmont experienced a decline from 4.4% to 3.2%. Following a strong showing last week, the USA's share dropped significantly to 2.6%. The 'Others' category also saw a decrease, despite a wine from Vega Sicilia featuring among the most traded by volume.

Dom Perignon 2015 Released

Dom Perignon 2015, launched on Monday, quickly secured the second position among the highest-value traded wines. Despite its initial recommended price of £1,750, it's currently trading at £1,590, a 9.1% decrease. The release seems to have sparked renewed interest in Dom Perignon's other vintages, with wines from four additional years also changing ownership.

Is it a buy? The newly released vintage ranks among the pricier Dom Pérignon offerings currently available. Wine enthusiasts might find the 98-point 2002 and 2004 vintages attractive, given their extended bottle aging. However, these earlier years may be less readily available compared to more recent releases. For those seeking alternatives, the 97-point vintages from 2006 and 2012 are worth considering.

Older vintages dominating the market

All 5 of last week’s top-traded wines by value hailed from older vintages (the most recent being 2010). Château Latour 2010 took the lion’s share. It last traded at £8,408 per 12×75, an 8.6% discount to its Market Price.

This does indicate that investors are looking to older vintages, but it’s worth caveating that the higher values associated to these wines inherently pushes up the value traded, even if there a small number of cases changing hands.

Source: Liv-ex