The Liv-ex March Market Report has been published exclusively for members on our Silver package or above. The following is an extract.
Liv-ex members on our Silver package or above can access the full report here. To upgrade your package, click here or speak to your Account Manager.
*data taken on the 7th of March 2024. The FTSE 100 was last updated on the 29th of February. The Liv-ex Fine Wine 50 is updated daily.
The Liv-ex Fine Wine 50 was the best-performing of the major Liv-ex indices. As of the 7th of March, it had fallen by 0.5% compared to falls of 1.3% and 1.1% for the Liv-ex 1000 and Liv-ex Fine Wine 100 respectively. February’s 1.1% fall in the Liv-ex Fine Wine 100 was its 11th consecutive monthly decline, and sharper than January’s 0.3% fall.
The broader market, represented by the Liv-ex Fine Wine 1000, has seen a marked variance in the performance of its sub-indices. Since the start of the year, prices of the wines on the index have fallen by an average of 3.5%. This has been driven in the most part by a 5.5% decline in the Burgundy 150, a 4.8% drop in the Rhone 100, and a 3.6% fall in the Rest of the World 60.
In contrast, things are looking a little brighter in Italy and Champagne; slight declines in January were followed by modest rises in February. In the case of the Champagne 50, its 1% rise was its first positive movement since October 2022.
February saw an increase in both the number of brands (LWIN7s) and individual wines (LWIN11s) traded on the secondary market. There was a slight rise in both traded value and volume, as well as exposure (the value of bids and offers on the exchange) compared to the previous month.
Away from fine wine, February was a broadly positive month for equity markets, with the FTSE posting a flat performance and the DAX, Hang Seng and S&P 500 all rising.
The full report contains additional Liv-ex research and analysis:
- Further falls in the major Liv-ex indices in February.
- But signs of optimism in Italy and Champagne, with the Champagne 50 rising for the first time since October 2022.
- Are the bears here to stay? A Technical analyst looks at the Liv-ex Fine Wine 100.
- We explore the growing interest in spirits on Liv-ex as a Scotch Whisky Association report reports that ‘export sales have soared in recent years’.
- As Jane Anson tastes Bordeaux 2014 ten years on, we examine which represent fair value, and which do not.
- As William Kelley revises his in-barrel scores for 2021s, we look at their recent price performance.
Liv-ex members on our Silver package or above can access the full report here. To upgrade your package, click here or speak to your Account Manager.
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 20,000 wines.
