The Liv-ex February 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.
The value of live offers hits £70million
The total value of live offers on Liv-ex hit £70million in January. The number of wines on offer also set a new record, with close to 7,000 labels (LWIN7s) and 17,000 distinct wines including vintages (LWIN11s). These numbers show the continuous broadening of the market and the diversity of fine wines now available online.
January was also a good month for mainstream markets. As fears of hightened inflation receded, the FTSE100 rose 1.8% and the S&P 500 5.6%. This was not the case for fine wine prices, however, which declined last month. The market was somewhat distracted with Chinese New Year holidays, and the launch of Burgundy’s 2021 vintage, which proved challenging in terms of prices and volumes. Buyers also expressed more general concerns about the macro-economic picture, as the results of our annual survey showed.
As a result, the industry benchmark, the Liv-ex 100 index, experienced its biggest dip since November 2015. Meanwhile, the broadest measure of the market, the Liv-ex 1000 index, fell 0.8%. For the third month in a row, the Champagne 50 sub-index was its worst performer, falling 4.3%. Of the Liv-ex 1000 sub-indices, only the Burgundy 150 managed to rise – up 0.4%.
First Growth prices did however squeeze out a small gain , up 0.2% in January. ‘Off’ vintages were the best-performing wines in the index, namely Château Mouton Rothschild 2013 (6.2%) and 2011 (2.5%), and Château Lafite Rothschild 2017 (2.6%).
The full report contains additional Liv-ex research and analysis:
- Strong start of the year for Burgundy and the USA
- Burgundy leads the market in January
- Lisa Perrotti-Brown’s vertical tasting of Opus One
- La Place de Bordeaux continues to expand
- Burgundy – Global wealth creation and the value of luxury
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.
