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Liv-ex 1000 at record level!

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The Liv-ex 1000 Index – the broadest measure of the fine wine market – closed August 2016 at record high of 281.62. This is an increase of 3.04% on the previous month’s close.

The index previously reached a high of 279.69 in July 2011 at the peak of the China-led bull market. It then fell 13.3% before hitting a low of 242.6 in August 2014.

The fine wine market has been rising since December 2015. It has seen a boost since the UK announced its decision to leave the EU at the end of June. With a weaker Sterling, the secondary market has seen increased buying from Euro and Dollar-based merchants. 

Bordeaux and Burgundy have been leading the charge. The Bordeaux 500 Index – which tracks the price movements of the ten most recent physical vintages of 50 top Bordeaux Chateaux – has gained 15.7% over one year.

Liv-ex Director Justin Gibbs commented:

“Bordeaux was the region most affected by the downturn following the peak of the China-led boom for fine wine in mid-2011. While other regions continued to perform well - particularly Burgundy and the New World - Bordeaux’s dominant share of the fine wine market weighed heavily on the index. Bordeaux’s dramatic recovery has allowed the broader index to reach new highs.”

 

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