The Liv-ex September Market Report has been published exclusively for members on our Silver tier package or higher. The following is an extract.
Liv-ex members on our Silver tier package or higher can access the full report here. To upgrade your package click here or speak to your Account Manager.
Weaker Sterling gives a boon to the fine wine market in August
The Liv-ex Fine Wine 50 and 100 indices, which declined in July, rose again last month by 0.8% and 1.3% respectively. Sterling dropped to its lowest level since March 2020, which proved a boon for the fine wine indices. As the Liv-ex indices are measured in Sterling, the weakened state of the currency means the buying power of the Euro and, most of all, the US Dollar have risen as a result. The broadest measure of the market, the Liv-ex 1000 index largely ran flat, with a 0.1% rise which marked its smallest increase this year.
While reflecting the troubled economic outlook, fine wine managed to keep ahead of other markets. UK stocks extended their losses, with the benchmark FTSE 100 dropping 2%. US equities also weakened as the S&P 500 tried to balance interest rates and Fed expectations. Even safe havens like gold came under pressure.
For a third month in a row, the best performing region was Champagne. The Champagne 50 sub-index rose 2.1% in August, contributing to its stellar year of gains. It has recorded a rise of 52.3% so far this year. At the other end was the Rest of the World 60 index, which dipped 2.2% in August. All major fine wine indices, however, remain in the positive territory so far in 2022.
The full report contains additional Liv-ex research and analysis:
- Burgundy overtakes Bordeaux as the most traded region
- Italian wines make gains in August
- The German fine wine market in the past year
- Lisa Perrotti-Brown MW Bordeaux 2012 retrospective
- Bordeaux’s ex-cellar campaigns
Liv-ex members on our Silver tier package or higher 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 600 merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £80m of bids and offers across 16,000 wines. Independent data, direct from the market.
