- The Liv-ex Fine Wine 1000 rose 0.2% in October.
- The Champagne 50 rose 2.1% and was the best-performing sub-index for the fifth month in a row.
- Three sub-indices fell, including the Bordeaux 500.
*made using the Liv-ex Charting Tool.
The broadest measure of the market, the Liv-ex Fine Wine 1000, rose 0.2% in October, closing at 484.99.
It was the only major index to rise this month – both the Liv-ex Fine Wine 100 and the Fine Wine 50 fell. However, its performance is still a stark contrast to September, when the Fine Wine 1000 rose 2.1%.
This pause in the market is largely due to the strengthening of Sterling (which the Liv-ex indices are calculated in) along with rising interest rates, which hit 3% in the UK today, the highest rate rise in 33 years.
Champagne 50 rises 2.1%
*made using the Liv-ex Charting Tool
Among the Liv-ex 1000’s sub-indices, the Champagne 50 was the best-performing sub-index for the fifth consecutive month, rising 2.1%. It has risen 24.8% year-to-date. At its current pace, it may even surpass the Burgundy 150 as this year’s best-performing sub-index – it has already overtaken the Burgundy 150 over a one-year period.
The next best performer was the Bordeaux Legends 40, which rose 1.0%. The Burgundy 150 and Italy 100 ran flat with increases of 0.7% and 0.1% respectively.
The Rhône 100 saw the biggest dip, declining 1.4%. The Rest of the World 60 declined 1.1% and the Bordeaux 500 was down 0.4%.
What is the Liv-ex 1000 index?
The Liv-ex Fine Wine 1000 Index is broadest measure of the market. It represents the price movement of 1000 of the most sought-after fine wines on the world’s most active and liquid marketplace. Stretching back over 20 years, the Liv-ex 1000 is comprised of seven sub-indices from across the world: the Bordeaux 500, the Bordeaux Legends 40, the Burgundy 150, the Champagne 50, the Rhone 100, the Italy 100 and the Rest of the World 60.
All Liv-ex indices are calculated using our Mid Price; the mid-point between the highest live bid and lowest live offer on the market. These are the firm commitments to buy and sell at that price; transactional data rather than list prices. It represents the actual trading activity of 600 of the world’s leading fine wine merchants. Because Liv-ex doesn’t itself trade, this data is truly independent and reliable.
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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.
