- Driven by Sterling weakness, the Liv-ex 100 index rose 1.3% in August.
- The index dipped 1.8% when measured in Euros and 3.4% in Dollars.
- The best performers came from Champagne, Sauternes, California and Tuscany.
*made using the Liv-ex Charting Tool
The Liv-ex Fine Wine 100 index, the industry benchmark, closed August at 416.61, up 1.3% on the previous month.
The index, which dipped in July for the first time in over two years, appreciated this month driven by weaker Sterling. Sterling, which suffered its worst month since Brexit, dropped 4.5% against the Dollar and nearly 3% against the Euro, on the back of hawkish comments from the Chairman of the Federal Reserve and on-going political uncertainty in the UK.
When measured in Dollar terms, the Liv-ex 100 was down 3.4%, in Euros, 1.8%. Year-to-date, fine wine prices have declined 3.2% in Euros, and 14.1% in Dollars.
Champagne leads price performance
The best price performers in August were mixed, led by two Champagnes from Louis Roederer. The Cristal 2013 and Cristal Rosé 2012 went up 14.3% and 12.0% respectively.
Château d’Yquem 2015 also went up 10.6% in August, having last traded at a record high of £3,572 per 12×75.
Château d’Yquem 2015 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 £80m of bids and offers across 16,000 wines. Independent data, direct from the market.
