Following June’s heavy price falls for the Bordeaux First Growths, July was more stable: the Liv-ex 50 declined 1.1% overall but ran flat for the last week of the month. Meanwhile the Liv-ex 100 dipped 0.85% to close the month on 234.01. This was its sixteenth consecutive fall but also its slightest month-on-month drop since December 2013.
Various Lafite vintages declined in July, including the 2009 which traded for a record low of £5,600 per 12×75 – at the market’s peak it traded for upwards of £14,000. Two Burgundy wines made the top five movers in a month that saw the region account for 12.5% of all trade by value, its highest share in 18 months.
The Liv-ex Fine Wine 1000 index – the broadest measure of the market – performed slightly better, falling just 0.3%; none of its sub-indices fell by more than 1%. The strongest performer was the Rest of the World 50, which climbed 1.4% and is currently posting a year-to-date rise of 2%.
Full index levels can be seen here.
