
WineFi Q4 2025 Quarterly Report

Introduction
We’re extremely excited to share our quarterly wine market report - delivering the most detailed view of the wine markets through Q4 2025. This is a pivotal report, as Q4 saw a continuation of the positive market momentum first observed in Q3.
The WineFi Trade Price Index recorded its second consecutive quarter of growth - a trend we have not seen in over three years.
Inside The Report
The Trade Price Index rose +1.07%, confirming that the recovery is gaining traction beyond isolated auction results.
Trade discounts to list prices narrowed significantly to just 1.2% (vs a historic average of 6.5%), suggesting sellers are facing less pressure to concede.
The rate of list price declines more than halved to -1.25%, indicating that merchant inventory is stabilising.
Bid-offer ratios increased, signalling renewed buyer engagement, while spreads remain at multi-quarter lows.
The auction market delivered strong performance, with 100% sell-through rates at major sales from Christie's and Hart Davis Hart.
You can view the report on the download link below 👇
Capital is at risk. Wine values can go down as well as up, and investments may not perform as expected. Returns may vary. You should not invest more than you can afford to lose. WineFi is not authorised by the Financial Conduct Authority. Investments are not regulated and you will have no access to the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS). Past performance and forecasts are not reliable indicators of future results and should not be relied on. Forecasts are based on WineFi’s own internal calculations and opinions and may change. Investments are illiquid. Once invested, you are committed for the full term. Tax treatment depends on individual circumstances and may change.
You are advised to obtain appropriate tax or investment advice where necessary.
WineFi is a trading name of WineFi Management Limited. Registered in England and Wales with registration number: 14864655 and whose registered office is at 5th Floor, 167-169 Great Portland Street, London, United Kingdom, W1W 5PF.







