Jan. 9 (Bloomberg) -- The Liv-ex 100 Index of fine wines is poised for a 14 percent gain this year after the market’s return to stability and less selling of stock by institutional holders, the London-based Wine Investment Fund said in a January report.
The prediction follows a decline of 9 percent in 2012 and 15 percent in 2011, driving prices below trend and taking the Bordeaux-dominated index down 28 percent from its June 2011 peak, according to the report.
“Downside risk is now rather limited and price falls over the year as a whole require a pessimistic view,” the fund said, adding there’s an 85 percent chance of “positive overall price movements” this year.
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