The Liv-ex September 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.
Fine wine indices rise again in September
After a quiet August, the benchmark fine wine indices all made gains in September. The Liv-ex Fine Wine 100 rose 1.9%, the Fine Wine 50 1.5% and the Fine Wine 1000 2.1%.
The Liv-ex 1000 saw biggest increase thanks to the positive performance of all seven of its sub-indices. The Champagne 50 was the best-performer for the fourth month in a row rising 3.2%, while the Bordeaux Legends 40 had its strongest month of the year – up 3.1%.
As in August, Sterling weakness was key to the market’s on-going success. As the Liv-ex indices are measured in Sterling, any weakness in that currency boosts the buying power of those using the Euro or US Dollar making fine wine prices look more affordable.
On the 27th September Sterling crashed to a historic low of US$1.07 in the wake of a ‘mini-budget’ announced by UK Chancellor, Kwasi Kwarteng. This caused an immediate surge in buying by US-dollar based merchants. Although Sterling has since recovered from this run it remains highly depressed against the Dollar.
Fine wine continues to hold up well versus traditional equities which have looked increasingly bearish of late following a brief rally in the summer.
The full report contains additional Liv-ex research and analysis:
- Bordeaux increases its trade share
- The best price performers from top Bordeaux vintages
- The autumn releases campaign in review
- Neal Martin’s assessment of Bordeaux vintages ending in ‘2’
- The market for rosé Champagne
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.
