- The Liv-ex 100 dipped 0.3% in July.
- It is the first negative monthly movement for the index since June 2020.
- Wines from Domaine Georges de Vogüé and Dom Pérignon were the month’s best-performers.
*made using the Liv-ex Charting Tool
The Liv-ex Fine Wine 100 index, the industry benchmark for monitoring fine wine prices, closed July at 411.23, down 0.3% on the previous month.
The Liv-ex Fine Wine 50, which tracks the daily price movements of the Bordeaux First Growths, also dipped, down 0.7%.
As mentioned in our report on the fine wine market in Q2, while the world’s economic woes continue to deepen the fine wine market has managed to keep its head – for now. Historically, fine wine tends to perform well during times of uncertainty and inflation. Despite this month’s small dip, the Liv-ex Fine Wine 100 is still up 4.8% year-to-date.
With the summer upon us, the market is unlikely to make any firm directional shifts in August. But with recessionary fears creeping across the globe, autumn looks set to test the market’s mettle.
More gains for grand cru Burgundy
Grand cru wines from Comte Georges de Vogüé were among the best performers in July, with Bonnes Mares 2018 and Musigny Vieilles Vignes 2018 in the top spots. Burgundy wines led June’s best-performers too.
Dom Pérignon 2008 was also high on the list. The wine has risen in value by 17.3% year-to-date and as the chart below shows, has been in near-constant demand since release. The 2012 vintage has also been trading strongly this year.
The trade dots that appear above the Market Price line are usually for larger formats. Magnums of Dom Pérignon 2008 command an 18% premium over standard bottles on average, while Jeroboams attract a 145% premium.
Dom Pérignon 2008 trades on Liv-ex
What is the Liv-ex 100 index?
The Liv-ex Fine Wine 100 Index is the industry leading benchmark. It represents the price movement of 100 of the most sought-after fine wines on the world’s most active and liquid marketplace from France, Italy, USA, Australia and Spain. Stretching back over 20 years, the Liv-ex 100 is quoted on Bloomberg and Reuters screens.
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.
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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 600 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.
