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Fine wines still flavour of month for investors
THE main fine wine indices rose in August at the fastest rate since mid-2007, as investors continue to plough money into less volatile assets despite signs of a return of confidence to the equity markets.
The Liv-ex 100 index rose 4.6 per cent in August, while the Liv-ex Claret Chip index recorded gains of 5.9 per cent – leaving them just 15 per cent behind their peak last year.
Andrew della Casa, director of The Wine Investment Fund, said certain wines had hit record highs in August, including the Chateau Lafite Rothschild 2000 vintage, which was up 15 per cent to £12,400 a case.