The Liv-ex December Market Report has been published exclusively for members on our Silver package or above. The following is an extract.
After some respite in October, November saw all of Liv-ex’s major indices record sharp falls. The Liv-ex 100 (the industry benchmark) fell 2.5%, its biggest fall of the year.
The Fine Wine 50 (which tracks the performance of the First Growths) and the Liv-ex 1000 (the broadest measure of the market) both fell 1.7%.
Having recorded the biggest falls of any Liv-ex 1000 sub-index in October, the California 50 and Rest of the World 60 regained some ground, rising 2.8% and 3.0% respectively.
While the Italy 100 still remains a beacon of relative stability amidst the wider market’s more severe downturn, this month it fell 2.3%. For the first time since the index’s inception, it has fallen into oversold territory (indicated by a Relative Strength Index level of below 30).
Despite the downward price movements, market participants have remained active. November saw the second highest trade volume of the year. Notably, the percentage of trades triggered by sellers has risen over recent months. It appears merchants are lowering their offers to meet bids in an effort to clear stock before the end of the year. For those with capital to spare, now may be the time to place bids.
The full report contains additional Liv-ex research and analysis:
Wines of the year – how do trade and prices respond?
As Wine Spectator publishes its annual ‘Wines of the Year’ we look at how these awards have impacted trade of previous recipients.
The Château Latour index
Château Latour’s decision to withdraw from En Primeur has allowed it to watch as prices for recent vintages of its First Growth peers fall. Using technical analysis and the bid:offer ratio we analyse future price movements of Latour and how it might fare releasing new vintages into the market
Tariffs and the US market
The US has played an increasingly important role in the fine wine market over recent years. We consider the role of the US in the market and the potential impact of Trump 2.0 and tariffs
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.
