- The Liv-ex 100 and Liv-ex 1000 indices will feature new wines from January 2022.
- The changes reflect the growing demand for rosé Champagne, the expansion of Burgundy and shifting brand power within Bordeaux.
- Within the Liv-ex 1000 index, Italy has seen the biggest number of changes.
Annual changes to the Liv-ex indices
To ensure that the Liv-ex indices accurately reflect the market, their components are revised annually: older and low liquidity wines are pushed out to make room for more active wines.
To qualify, wines must have critical acclaim, be physically available on the market (wines trading En Primeur are excluded) and attract a regular market on Liv-ex.
This article examines the upcoming changes to the Liv-ex Fine Wine 100 index (the industry benchmark) and the Liv-ex Fine Wine 1000 index (our broadest measure of the market) in the context of the past year.
The current component wines of each index can be downloaded here. They will be updated with these new wines at the end of January 2022.
A growing market for rosé Champagne
The growing demand for rosé Champagne has been reflected across both indices, as some rosé Champagnes have replaced white ones.
New additions to the Liv-ex 100 include Louis Roederer Cristal Rosé 2012 and Taittinger, Comtes de Champagne Rosé 2007. Both wines have set new trading highs in 2021 and have steadily risen in value in the past year.
Louis Roederer Cristal Rosé 2012 trades on Liv-ex over one year
Within the Liv-ex 1000, Taittinger Comtes de Champagne Rosé 2006 and 2007 are joining the Champagne 50 sub-index for the first time, along with the 2011 Comtes de Champagne, replacing Taittinger Comtes de Champagne 2004 and 2005.
Meanwhile, the 2009 Louis Roederer Cristal Rosé has been replaced by the newer 2013, as part of the annual vintage update.
Italy undergoes the most changes
Although Italy had a quieter 2021 compared to Champagne, it is the region with the most changes to its components due to trading activity.
Within the Liv-ex 1000, two new names are joining the Italy 100 sub-index. Bartolo Mascarello Barolo and Giacomo Conterno Barolo Francia are replacing Gaja Sperss and Gaja Sori San Lorenzo.
Meanwhile, the 2008 vintages of the Super Tuscans are being replaced by the newer 2018s (for Tignanello, Sassicaia, Masseto, Solaia and Ornellaia).
There have also been four new additions to the Liv-ex 100 index. The new wines from Piedmont are Comm. G.B. Burlotto Barolo Monvigliero 2016 and Gaja, Barbaresco 2018. And in Tuscany, the 2016s from Poggio di Sotto, Brunello di Montalcino and Soldera Case Basse, 100% Sangiovese, Toscana are also joining thanks to continued buying demand.
Comm. G.B. Burlotto, Barolo, Monvigliero 2016 trades on Liv-ex
The expansion of the Burgundy market
Burgundy’s secondary market has undergone a massive expansion in recent years, as price conscious buyers seek value within the region’s appellations.
As a result, more wines from Burgundy trade on Liv-ex than any other region and this has been reflected in the Liv-ex 100 index, with nine Burgundian wines entering due to increased trade. These wines include:
- Bouchard Pere et Fils Montrachet Grand Cru 2018
- Clos de Tart Grand Cru 2018
- Domaine Comte Georges de Vogue Bonnes Mares Grand Cru 2018
- Domaine des Lambrays Clos des Lambrays Grand Cru 2018
- Domaine Faiveley Clos des Cortons 2019
- Domaine Leflaive Bienvenues-Batard-Montrachet Grand Cru 2018
- Joseph Drouhin Montrachet Grand Cru Marquis de Laguiche 2018
- Robert Groffier Chambolle-Musigny Premier Cru Les Amoureuses 2018
- Trapet Pere et Fils Chambertin Grand Cru 2018
Within the Burgundy 150 sub-index, only one wine changed: Bouchard Pere et Fils, Montrachet Grand Cru replaced Coche Dury, Meursault.
Shifting patterns with Bordeaux
Several new wines from Bordeaux have joined the Liv-ex 100 index too.
One of the most notable additions is Château Figeac 2015. The estate became the third most powerful Bordeaux brand in the 2021 Liv-ex Power 100 rankings, helped by rumours that it might be due a promotion in the coming St-Émilion classification.
Other new wines include Château Beausejour Duffau-Lagarrosse 2016, Château Leoville Barton 2016, Château Beychevelle 2018 and Château Lafleur 2018.
Figeac 2015 trades on Liv-ex
Other changes within the Rhône and the USA
Other than the annual vintage progression, there were no changes to the Rhône 50 and the Rest of the World 60 sub-indices.
However, E. Guigal Cote Rotie La Turque 2016 and 2017 were new additions from the Rhône in the Liv-ex 100 index.
Due to growing trade for Californian wines, two 100-point vintages from Screaming Eagle were added (2016 and 2018). Harlan Estate 2017 also made its way into the benchmark index, thanks to a flurry of activity in the past year.
About Liv-ex Indices
The Liv-ex Fine Wine indices track the prices of the most traded fine wines in the world. The indices are calculated using the Liv-ex Mid Price, which refers to the mid-point between the highest live bid and lowest live offer on the market. The prices are validated against additional data including transaction prices and are the most robust measure for pricing wines available in the market.
The industry leading benchmark, the Liv-ex Fine Wine 100 index, represents the price movement of 100 of the most sought-after fine wines on the secondary market from France, Italy, USA, Australia and Spain.
The Liv-ex Fine Wine 1000 index is the market’s broadest measure. It represents the price movement of 1,000 wines from across the world. The index comprises seven sub-indices: the Bordeaux 500, the Bordeaux Legends 40, the Burgundy 150, the Champagne 50, the Rhône 100, the Italy 100 and the Rest of the World 60.
Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 560+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £90m of bids and offers across 16,000 wines. Independent data, direct from the market.
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