How might the market be affected by further downturns in the economy?

Although the Fine Wine market displays limited correlation with the stock market indices, it is not immune to economic catastrophes and the latter part of 2008 saw a downturn in prices. However, it is often said that this market is the last to suffer and the first to recover, a credible statement when taking into account the long track record of resilience displayed by Fine Wines. From the beginning of 2009, the market has shown a rapid recovery and in 2010, we have seen it climb beyond its pre-recession high, lending further weight to the sentiment that wine is a safe haven.