- The Liv-ex Fine Wine 1000 fell 0.8% in January.
- The Burgundy 150 was the only sub-index to rise, up 0.4%.
- The Champagne 50 was the worst performer for third month in a row, falling 4.3%.
*made using the Liv-ex Charting Tool.
The broadest measure of the secondary market, the Liv-ex Fine Wine 1000 index, dipped 0.8% in January, closing the month at 476.27. The industry benchmark, the Liv-ex Fine Wine 100 index, also fell 1.4% last month.
The fine wine market has slowed down over the last three months, as the trade has voiced concerns over the broader macro-economic picture, stock shortages and rising prices. Over 50% of the respondents to our annual members survey shared a pessimistic or neutral outlook for fine wine in 2023.
However, one of the Liv-ex 1000 sub-indices managed to rise in January.
Burgundy 150 rises in January
*made using the Liv-ex Charting Tool.
The Liv-ex 1000 index components were updated last month. Burgundy and Italy saw the highest number of changes, while Seña joined the Rest of the World 60.
Among the Liv-ex 1000 sub-indices, the Burgundy 150 was the only one to rise. The sub-index was up 0.4%, as the region’s 2021 En Primeur campaign unfolded.
While the success of the region’s 2021 campaign has been debated (a topic explored in our recent report), the region enjoyed greater demand in the secondary market. Burgundy accounted for 26.5% of total trade by value in January. The best-performing wines from the region were Domaine de la Romanée-Conti Echezeaux Grand Cru 2018 (13.4%) and Coche-Dury Meursault 2017(13.3%).
For the third month in a row, the Champagne 50 sub-index was the worst performer. The index fell 4.3% in January. Only nine out of the fifty wines in the index went up in value. The biggest riser was Dom Pérignon Rosé 2005 (3.6%), while Perrier Jouet Belle Epoque 2014experienced the greatest decline of 14.2%.
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.
