While the broader wine industry continues to navigate economic strain and geopolitical uncertainty, the secondary market for collectible wines is showing early signs of renewed momentum.
The first months of 2026 confirm a subtle but consistent rebound across major indices tracked by Liv-ex.
The flagship Liv-ex 100 index has recorded a +0.6% increase year-to-date. Although modest, this growth marks a continuation of the positive signals first observed at the end of 2025.
The Strength of Italian Icons
The Italy 100 index has advanced +0.7%, outperforming the general benchmark and trailing only Champagne in relative growth. The index composition highlights the concentration of value in Italy’s most prestigious estates and vintages.
Among the standout performers:
- Barolo Monfortino Riserva: +21%
- Barolo Falletto Vigna Le Rocche Riserva: +14.3%
- Sangiovese IGT Toscana: +12%
- Masseto: +7.8%
- Solaia: +6.3%
The index also includes multiple vintages of Sassicaia, Tignanello, Ornellaia, and Barbaresco from Gaja, alongside historic Barolo releases from Bartolo Mascarello and Bruno Giacosa — reinforcing the dominance of Piedmont and Tuscany in the fine wine investment landscape.
Global Context: Champagne Shines
Beyond Italy, the strongest regional index performance comes from Champagne (+1.4%), followed by Bordeaux and Burgundy with smaller gains. Only the Rhône 100 index recorded a slight contraction (-0.2%).
This pattern suggests selective buying rather than speculative enthusiasm. Investors appear to be consolidating around globally recognized, liquid labels with proven track records.
Sentiment Improving — Carefully
According to Liv-ex market intelligence, European demand has strengthened, and Asian sentiment has improved. Meanwhile, purchasing activity in the UK and US remains cautious but stable.
It is important to emphasize that this recovery concerns a limited segment of ultra-premium wines. The broader wine market continues to face headwinds from declining consumption, health-driven moderation trends, and macroeconomic instability.
Still, in a year marked by uncertainty, even incremental growth in the fine wine indices may signal that confidence among collectors is slowly returning — not with euphoria, but with measured discipline.
Source: VinoVistara