The Liv-ex January 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.
Fine wine prices decline in December
2022 was a year of losses for mainstream equities. The S&P 500 fell around 20%, recording its worst year since 2008. The tech-heavy Nasdaq Composite Index closed at its lowest level since July 2020, while European stocks saw their worst annual run since 2018. This prompted investors to look for safe havens and fine wine once again proved its worth as an alternative asset. All Liv-ex indices rose in 2022, led by the broadest measure of the market, the Liv-ex 1000, up 13.1%.
However, fine wine did not manage to escape the wider economic reality entirely, suffering losses in Q4. The Liv-ex 100 drifted 0.2% in December, marking its third consecutive month of declines. The Fine Wine 50, which tracks the performance of the Bordeaux First Growths, dipped 0.8%.
The Liv-ex 1000 index fell 0.4% in December for second month in a row. All of its sub-indices declined, bar the Bordeaux 500, which rose just 0.1%. The Champagne 50 sub-index was the worst performer, down 2.4%. After months of gains on the back of soaring demand a pullback was perhaps inevitable.
The full report contains additional Liv-ex research and analysis:
- Strong market share gains for RoW and the USA
- ‘Off’ vintage Bordeaux leads the market in December
- Lisa Perrotti-Brown MW’s Bordeaux 2017 retrospective
- Booming Champagne sales reflected in secondary market activity
- Fine wine market sentiment into the new year
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.
