The Liv-ex July Market Report has been published exclusively for members on our Silver tier package or higher. The following is an extract.
Liv-ex members on our Silver tier package or higher can access the full report here. To upgrade your package click here or speak to your Account Manager.
Steady progress for fine wine amid rising turbulence
The turbulence in mainstream markets, caused by inflationary pressure, rising interest rates and recession fears has so far escaped the fine wine market. The pertinent question though is whether fine wine might also turn bearish.
The Liv-ex 100 index rose 0.7% in June for the fourth month in a row, driven by Sterling’s weak performance. However, the index fell in both Euro and Dollar terms.
The Liv-ex 1000 index went up 0.8%, which marked its smallest increase since February 2021. The Champagne 50 was its best-performing sub-index in June, up 1.6%, followed by the Burgundy 150 and the Rest of the World 60, both up 1.3%. Only the Bordeaux Legends 40, which tracks the performance of exceptional old Bordeaux vintages, dipped by 0.7%. Still, the Liv-ex Fine Wine 50, which monitors the movements of the First Growths, increased just 0.3%.
Bordeaux dominated the news for most of the month. The 2021 En Primeur campaign delivered some limited successes but failed to stimulate demand overall. The pricing, which remained largely unchanged on the 2020 vintage, was the core issue for merchants and their clients across the globe, while the smaller volumes released did little to help. Our closing remarks can be found here.
The full report contains additional Liv-ex research and analysis:
- Regional trade share in June
- The best-performing wines from Bordeaux
- Galloni reflects on Domaine de la Romanée-Conti’s 2019 vintage
- Joseph Phelps acquired by luxury goods powerhouse LVMH
- The fine wine market in the first half of the year
Liv-ex members on our Silver tier package or higher can access the full report here.
To upgrade your package click here or speak to your Account Manager.
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 580+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 16,000 wines. Independent data, direct from the market.
