The Liv-ex December Market Report has been published exclusively for members on our Silver package or above. The following is an extract.
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.
*data taken on the 11th of December 2023. The FTSE 100 was last updated on the 31st of November. The Liv-ex Fine Wine 50 is updated daily.
In the penultimate update of 2023, all major Liv-ex indices fell once again. The Liv-ex Fine Wine 100, the industry benchmark, dropped 1.3% month-on-month to close at 364.3, an improvement on last month’s 1.9% drop. The Liv-ex Fine Wine 50, which tracks the daily price movements of First Growths, fell by 1.5% in November (note: the index is updated daily).
Looking at the broader market, the Liv-ex Fine Wine 1000 also fell by 1.5% in November compared to 1.4% the month before. Other markets were a lot healthier: the DAX was up 10% month-on-month on the 11th of December, the S&P 500 4.3%, the FTSE 100 up 1.8%. Only the Hang Seng dipped 5.0%, negatively affected by continued economic headwinds in China and Moody’s recent downgrade of the country’s sovereign debt.
Despite the continued downturn, trading activity on the exchange saw an uptick in November, both in terms of value and volume. Market breadth, however, retracted slightly as 2,185 individual labels (LWIN11s) traded on Liv-ex over the month.
Our annual report, The Fine Wine Market in 2023, looks back on the challenging year that is coming to an end. The outlook for 2024 is not as rosy as we would like, but what is sure is that there is strength in numbers – or in this case, in the data. This monthly report outlines new, innovative ways in which Liv-ex is making data available to its members, whether it’s the outcome of historic auction events or technical analysis tools. More analysis, data and insights to come in the new year.
The full report contains additional Liv-ex research and analysis:
- All major Liv-ex indices fell once again.
- The best performer among the sub-indices of the Liv-ex 1000 was the Italy 100, which fell by 0.7% month-on-month.
- Mouton Rothschild 2021, newly-adorned with its label, went under the gavel at Christie’s earlier this month.
- Technical Analysis can be used to design trading plans; this month, we build one to trade the Liv-ex Fine Wine 50.
- Non-vintage Champagne has been making waves on the secondary market, gaining market share against its vintage counterpart.
- Château Lafite Rothschild has been the worst performer in the Fine Wine 50 in 2023. What is behind this decline?
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.
