Fine Wine Market Report August 2020

“August is normally a challenging month for the wine industry with most of Europe shut down for holidays and business tends to slow down. This year has been different as a lot of people have been “on holiday” for the past few months due to the Covid-19 shutdowns. For Oeno August has been a good month with business significantly up on this time last year as investors get greater clarity on their financial position. Overall wine investment has held steady since the start of the pandemic, with Oeno experiencing a very modest dip of around 10% in revenue at the height of the lockdown.

Looking ahead we have a very exciting event on the 12th of September for our Italian clients, guests and friends in the historic Casinò Di Venezia during the Venice International Film Festival. There’ll be the opportunity to taste delicious wines from the Oeno portfolio and speak with some of our top Italian winemakers who will be in attendance. We are hosting the event with the patronage of the City of Venice and during the evening there will be a silent auction of unique large format wines including three magnums of Barbaresco 2000 signed by legendary winemaker Angelo Gaja. I look forward to personally welcoming those of you who are able to attend.”

Daniel Carnio, Oeno CEO & Co-Founder

Read our full August fine wine report to find out more about market conditions this month.

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