Liv-ex 1000 hits record high
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The Liv-ex 1000 Index – the broadest measure of the fine wine market – closed September 2016 at a new high of 285.30, marking an increase of 1.3% on August’s close of 281.62, the previous all-time high of the index. It has now risen for ten consecutive months.
The fine wine market has been rising since the end of last year, receiving a marked boost in June when the UK voted to leave the EU as a weaker sterling has encouraged buying from euro and dollar-based merchants.
According to Liv-ex, amongst the Liv-ex 1000 sub-indices the Bordeaux 500 (+17.7%), Bordeaux Legends 50 (+20.1%) and Burgundy 150 (+17%) have increased the most this year, rising quickly in the summer as sterling dropped after the UK referendum. However, in September the Rest of the World 50 (+3.1%) and the Champagne 50 (+3.0%) made the strongest gains as buyers broadened their focus.
