- The Liv-ex Fine Wine 100 index fell 0.4% in June, a similar decline to May.
- The Liv-ex 1000 index declined by 1.2% last month, to close a 388.28 – a number last seen in August 2021.
- The Bordeaux Legends 40 index was the best-performing index in June, rising 0.3%.
The Liv-ex Fine Wine 100, the industry leading benchmark, fell 0.4% in June, a similar decline to that recorded in May (-0.6%).
Looking at the wider market, the Liv-ex Fine Wine 1000 (which tracks 1,000 wines from across the world) declined by 1.2% to close at 388.28, a number last seen in August 2021. Among its sub-indices, the Bordeaux Legends 40 recorded a rise of 0.3%, followed by the Rhone 100.
Meanwhile, both the Burgundy 150 and Champagne 50 experienced steeper falls of 2.4% and 2.6% respectively – compared to -0.5% and -0.2% in May,
The Liv-ex Fine Wine 50 (which tracks the movement of the First Growths and is updated daily) declined 1.5% in June, sharper than its fall in May.
June saw a dip in both the number of brands (LWIN7s) and individual wines (LWIN11s) traded on the secondary market compared to May. There was also a slight decrease in both traded value and volume. However, both trade volume and the number of transactions are up in the first half of 2024 compared to H1 2023.
The Liv-ex Fine Wine 100
The Liv-ex Fine Wine 100 has fallen for the third month in a row, year-to-date it is down 3.4%. The index remains up 12.6% over a five-year period.
Promontory 2018 once again topped the list of risers this month with a 15.9% increase, meanwhile Harlan 2018 was the worst-performing component, falling by 9.8%. The cult classic Promontory 2018 last traded at £8,280 per 12×75, 17.9% below its original release price – suggesting collectors are seizing the opportunity to buy this tightly allocated wine.
Promontory 2018 trades on Liv-ex
Green shoots in the Bordeaux Legends 40
The Bordeaux Legends 40 tracks the performance of a selection of 40 Bordeaux wines from exceptional older vintages (from 1989). In June, it rose 0.3%, the index’s first positive movement in a year.
Of the 40 components in the index, 23 saw their prices fall in June, while 3 remained flat and 14 rose.
While the relative illiquidity of the wines can lead to short term volatility when supply or demand changes rapidly. Over the longer term, blue-chip Bordeaux from the top vintages (combined with bottle age) can be trusted to hold its value better than the more abundant recent releases.
* prices shown are Liv-ex Mid Prices; 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 620+ of the world’s leading fine wine merchants. Because Liv-ex doesn’t itself trade, this data is truly independent and reliable.
Petrus, Pomerol, 2000 was the top performer in June, up 14.7%. It last traded at £38,160 per 12×75. Five other wines from 2000 were among the top performers on the Bordeaux Legends 40 index. Château Angelus (+ 5.2%), Château Mouton Rothschild (+3.8%), Château Cheval Blanc (+2.3%), Le Pin (+2.1%) and Château Latour (+ 1.9%).
Petrus 2000 trades on Liv-ex
What are Liv-ex indices?
The Liv-ex Fine Wine 100 Index is the industry leading benchmark. It represents the price movement of 100 of the most sought-after fine wines on the world’s most active and liquid marketplace from France, Italy, USA, Australia and Spain. Stretching back over 20 years, the Liv-ex 100 is quoted on Bloomberg and Reuters screens.
The Liv-ex Fine Wine 1000 Index is the 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 Rhône 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 620+ of the world’s leading fine wine merchants. Because Liv-ex doesn’t itself trade, this data is truly independent and reliable.
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