- The Liv-ex Fine Wine 1000 index fell 2.1% in June, a smaller decline than last month.
- Year-to-date, all of its sub-indices are down.
- The Rhône 100 continued to be the worst performer in the index, down 3.1% in June.
Liv-ex members now have access to Technical Analysis of the Liv-ex 1000. If you are a member, you can click here to read the full article.
*made using the Liv-ex Charting Tool.
The Liv-ex Fine Wine 1000 index, the broadest measure of the secondary market, showed a slower decline of 2.1% in June compared to the 2.4% decrease in it experienced in May, the largest drop in seven months. Year-to-date, the index has declined by 6.8%.
The Liv-ex Fine Wine 100 (the industry benchmark) and the Liv-ex Fine Wine 50 (which tracks the movement of First Growths) also fell in June, recording monthly decreases of 2.9% and 2.4% respectively. These negative movements reflect the market’s cautiousness in light of global economic uncertainty and a distracting En Primeur campaign that fell short of expectations.
Trade was down both by value and volume in June. The breadth of the market also declined slightly month-on-month, with 1,771 individual labels (LWIN 11s) traded on Liv-ex last month.
The Rhône 100 falls 3.1% in June
*made using the Liv-ex Charting Tool.
All of the Liv-ex 1000 sub-indices are down month-on-month and year-to-date.
In terms of resilience, the Italy 100 is performing better than the Bordeaux 500, with a year-to-date decrease of 3.4% compared to the Bordeaux 500’s 3.5%. The Bordeaux 500’s decline in June was greater than the previous month’s (1.6% and 1.3% respectively), which raises questions about the impact of a difficult En Primeur campaign on the Bordeaux market.
Interestingly, the Champagne 50 sub-index recorded the lowest decrease this month, dropping by just 1.2%. However, its year-to-date fall remains significant at 10.3%, placing it just behind the Rhône 100.
The Rhône 100 experienced a considerable month-on-month decline of 3.1%, which means it is down 15% year-to-date. The Rest of the World 60 recorded a smaller decline this month compared to the previous one, falling by only 1.9%.
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 1,000 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 630+ of the world’s leading fine wine merchants. Because Liv-ex doesn’t itself trade, this data is truly independent and reliable.
Liv-ex members on Bronze packages and above now have access to Technical Analysis of the Liv-ex 1000. If you are a member, you can click here to read the full article.
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