The Liv-ex 1000 Index – the broadest measure of the fine wine market – closed November 2016 at a new high of 296.60. This is an increase of 1.02% on October’s close of 293.60. It has now reached record highs for four consecutive months.
The index previously reached a high of 297.69 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 the end of last year. It received a marked boost after June 24 when the UK voted to leave the EU. A weaker Sterling has encouraged buying from Euro and Dollar-based merchants.
Amongst the Liv-ex 1000 sub-indices, Bordeaux has been leading the charge. The Bordeaux Legends 50 (+24.5%) and the Liv-ex Bordeaux 500 (+22.7%) have increased the most this year. However, the Champagne 50 (+3.9%) and Burgundy 150 (2.5%) are closing the gap after making strong gains this month. The Italy 100 (-1.0%) and Rhone 100 (-0.6%) continue to lag behind having recorded small declines this month.
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