The Liv-ex Fine Wine 1000 rose 0.1% in August.
Three of its regional sub-indices rose and three ran flat.
The Champagne 50 was once again the biggest riser, up 2.1%, while the Rest of the World 60 dipped 2.2%.
The Liv-ex Fine Wine 1000 index, the broadest measure of the secondary market, ended August 0.1% up on the previous month. However, some of the smaller indexes rose more considerably. The Liv-ex 50 went up 0.9% whilst the Liv-ex 100 rose 1.3%. The growth of these indexes were partly driven by the fluctuation between currencies creating buying opportunities for trade members.
Champagne, Italy and Bordeaux on the up
Like the past two months, the Champagne 50 came out as the best-performer, up 2.1%. Perrier Jouët Belle Epoque 2012, Dom Pérignon 2005 and Louis Roederer Cristal 2013 were the biggest risers from the region.
The Italy 100, which after a recent period of consolidation, is back on the rise with a 0.9% increase. Wines from Barolo fueled the rise.
While the Bordeaux 500 went up 0.8%, the Bordeaux Legends 40 ran flat. The best-performing sub-index this year, the Burgundy 150, and the Rhône 100 also made no movements.
The Rest of the World 60 dipped 2.2%, with Spanish and Californian wines seen to be in a period of consolidation and expected to rise again soon.
What is the Liv-ex 1000 index?
The Liv-ex Fine Wine 1000 Index is the broadest measure of the market. It represents the price movement of 1000 of the most sought-after fine wines on the world’s most active and liquid marketplace. Stretching back over 20 years, the Liv-ex 1000 is composed of seven sub-indices from across the world: the Bordeaux 500, the Bordeaux Legends 40, the Burgundy 150, the Champagne 50, the Rhone 100, the Italy 100 and the Rest of the World 60.
All Liv-ex indices are calculated using our Mid Price; the mid-point between the highest live bid and lowest live offer on the market. These are the firm commitments to buy and sell at that price; transactional data rather than list prices. It represents the actual trading activity of 600 of the world’s leading fine wine merchants. Because Liv-ex doesn’t itself trade, this data is truly independent and reliable.
Source: Liv-ex
