- The Liv-ex Fine Wine 1000 fell 0.4% in December.
- The Bordeaux 500 was the only sub-index to rise, up 0.1%.
- The Champagne 50 was once again the worst performer, down 2.4%.
*made using the Liv-ex Charting Tool.
The broadest measure of the secondary market, the Liv-ex Fine Wine 1000 index, dipped 0.4% in December, closing the month at 480.12. The industry benchmark, the Liv-ex Fine Wine 100 index, also fell 0.2% last month.
While fine wine outperformed mainstream equities in 2022, the major indices finished the year with declines, reflecting the impact of the wider economic storm. The direction of the fine wine market was a topic explored in our latest report, The Fine Wine Market in 2022.
Only one of the Liv-ex 1000 sub-indices managed to rise in December.
Champagne 50 is the biggest faller for second month in a row
The Bordeaux 500 was the only Liv-ex 1000 sub-index to make gains in December, albeit just 0.1%. Château Clinet 2013 (14.3%) and Château Rieussec 2010 (13.6%) were the biggest gainers.
After months of leading the market, the Champagne 50 was the worst performer for second consecutive month. The sub-index declined 2.5% in November and 2.4% in December.
Champagne enjoyed unprecedented level of demand in 2022, which led to soaring prices set against a background of reported shortages. Despite the recent falls the sub-index wasstill the second-best performer in 2022, playing runner up to the Burgundy 150.
The latter also fell in December, down 0.6%. However, the top-performing wine in the Liv-ex 1000 came from the region – Bouchard Pere et Fils Montrachet Grand Cru 2011, up 37.7%. Burgundy also made up three of the biggest movers in the Liv-ex 100 index.
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 £80m of bids and offers across 16,000 wines. Independent data, direct from the market.
