The Liv-ex June 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.
May proved another difficult month for the fine wine market as major Liv-ex indices declined across the board.
The Liv-ex Fine Wine 100, the industry benchmark, fell 0.6% month-on-month following its 1.3% drop in April. The Liv-ex Fine Wine 50, which tracks the movement of the First Growths and is updated daily, dipped 0.8% in May, also an improvement from its 1.3% fall the previous month.
The Liv-ex Fine Wine 1000, which tracks 1,000 wines from across the world, mirrored the Liv-ex 100 and fell 0.6% month-on-month.
There were pockets of strength, however, as the Rest of the World 60 and the California 50 both rose 0.8% in May. The Champagne 50 only dipped 0.2% month-on-month, perhaps buoyed by an uptick in sales as summer descends upon us. On the other hand, the recent high-performing Italy 100 recorded its second biggest fall last month since January 2023, dropping 1.5% in May.
Following a whirlwind of an En Primeur campaign, the picture for Bordeaux is mixed. The Bordeaux 500 recorded a 0.7% fall month-on-month, the Right Bank 100 faring better than the Left Bank 200: the former dipped 0.4% in May compared to 0.6% for the Left Bank. Interestingly, the Bordeaux Legends 40 was one of the worst performers last month, falling 1.4% month-on-month.
Activity on the secondary market was a little subdued in May as trade value and volume dipped month-on-month, as did the number of LWIN7s (labels) and LWIN11s (individual wines) traded. The En Primeur aftermath will reveal whether buyers deem the price cuts deep enough to return en masse – we’re waiting with bated breath.
The full report contains additional Liv-ex research and analysis:
- The Rest of the World (60) basks in the sun as the index rose 0.8% last month.
- We look at Jed Dunnuck’s top-scoring Bordeaux 2005s – which he calls ‘an exceptional, singular year of blockbuster, powerful wines.’
- A strike from within as Michel Rolland shares his opinion regarding the ‘historic crisis’ facing Bordeaux.
- The Liv-ex Fine Wine 1000 recorded its 19th consecutive negative month in May 2024, down 19% from its high of October 2022 – a technical analyst’s view.
- Year-on-year the Champagne 50 is down 13.7% with new Champagne releases falling flat.
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.
