- Fine wine prices across all regions fell in the first half of 2022.
- The best performers are wines from a variety of regions, unlike last year when they were mostly from Burgundy and Champagne.
- Château Climens 2009 is the best-performing wine in the first half of the year, up 83.8%.
What were the top-performing wines in H1 2023?
In contrast to H1 2022, the list of top-performing wines in the first half of this year was distributed across various regions. This trend is perhaps unsurprising considering that all the regional sub-indices of the Liv-ex Fine Wine 1000 experienced declines during this period.
Liv-ex Fine Wine 1000 sub-indices in 2023
*made using the Liv-ex Charting Tool.
Within the Liv-ex 1000 index, Château Climens 2009 took the top spot in terms of price performance, achieving an 83.8% increase in its Market Price since the start of the year. Château Climens 2010 and 2007 as well as Château Coutet 2014 also featured on the list. The prominence of Barsac wines among the top price performers could be explained by the recent limited (or non-existent in some years) releases from estates such as Climens and Coutet, focusing attention on their back vintages.
Wines from Burgundy were also present at the top of the list, with Joseph Drouhin, Montrachet Grand Cru Marquis de Laguiche 2012 increasing by 64.4% and Coche-Dury, Meursault 2017 by 40.7%. This growth could be attributed to the illiquidity which characterises these Burgundian labels.
Despite the Rhône 100 index experiencing the most substantial decline in H1 (-16.4% year-to-date), two wines from the region managed to achieve notable increases during the period. Clos des Papes, Châteauneuf-du-Pape Rouge 2013 and Domaine Jean Louis Chave, Hermitage Rouge 2014 recorded respective increases in their Market Price of 45.9% and 36.9%
The remaining two spots are occupied by Jacques Selosse, Millésime 2009 and Fontodi, Colli della Toscana Centrale Flaccianello delle Pieve 2011, with price increases of 43.1% and 42.6% respectively. While the former has increased in price over H1, it last changed hands at £16,188 per case, 21.4% below its Market Price.
Jacques Selosse, Millésime 2009 trades on Liv-ex
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 620+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 16,000 wines. Independent data, direct from the market.
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