- The Liv-ex Fine Wine 1000 rose 0.4% in July.
- Three of its sub-indices, including the Rhône 100, posted small declines.
- The Champagne 50 continued to be the strongest sub-index, rising 3.1%.
*made using the Liv-ex Charting Tool
The Liv-ex Fine Wine 1000 index, the broadest measure of the secondary market, rose 0.4% in July, its smallest gain this year. It closed at 473.58.
This is now the second month in a row that the index has risen by less than 1% – last month’s rise of 0.8% was previously its smallest gain this year.
As with the Liv-ex Fine Wine 100, the Liv-ex 1000 is increasingly showing the weight of global inflation and recession forecasts, which are leading to greater caution in buyers.
Nonetheless, unlike the blue-chip led Liv-ex 100, the strength of the Liv-ex 1000 lies in its diversity, which in turn shows the ongoing resilience of the secondary market despite external pressures.
Champagne continues to lead the broader market
*made using the Liv-ex Charting Tool
As it was in June, the Champagne 50 was the best-performing sub-index in July, rising 3.1%. Regular readers of Liv-ex’s New & Insights will have noted frequent mentions of rising demand for Champagne, especially Cristal 2008 and 2014 and Dom Pérignon 2012.
A Champagne – Salon 2007 – was also the best-performing wine in the index last month.
The Burgundy 150 likewise continued to rise and is the best-performing sub-index overall this year, having risen 25.4% year-to-date.
Meanwhile, the Rhone 100 saw the biggest decline in July, down 1.1%. The Rest of the World 60 also declined 0.8%.
What is the Liv-ex 1000 index?
The Liv-ex Fine Wine 1000 Index is 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 comprised 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.
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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.
