The Liv-ex January Market Report has been published exclusively for members on our Silver package or above. The following is an extract.
Having fallen 2.5% in November, last month the Liv-ex Fine Wine 100 found a degree of stability, ticking up 0.2%. This mirrors what we saw in October, when the LX100 recorded a similarly modest rise (0.1%) after a sharp fall in September (-1.7%).
The wider market, represented by the Liv-ex Fine Wine 1000, fell 0.6%. The Champagne 50 closed 2.1% down, making it the worst performing sub-index of the LX1000. Burgundy, on which the eyes of the industry are trained during January and which, like Champagne, soared in value during the Covid bull run, experienced another tough month, with the Burgundy 150 falling 0.9%. The Rhone 100, which has to some degree been stuck in the doldrums with total trade share hovering resolutely around the 3.0% mark, was the only sub-index to record a rise (+0.2%).
Turning attention to Bordeaux, the Fine Wine 50, which records the daily price movements of the First Growths, fell 0.1%. The wider Bordeaux market, represented by the Bordeaux 500 was flat on November. The Bordeaux Legends 40, which is comprised of back vintage blue-chip Bordeaux, fell 0.4% to close 2024 down 9.5%. While the demand-supply balance of the Legends 40 has tended to remain more stable than that of more recent vintages, it has not prevented the prices falling over the past 12 months.
The full report contains additional Liv-ex research and analysis:
- An overview of trading activity and a breakdown of buyer geographies
- A 2025 market sentiment temperature check – analysis of changes in the bid:offer ratios of the major liv-ex indices in the past few months.
- A look at the possible effects of quantitative easing and foreign exchange rate changes in 2025 on the international fine wine market.
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.
