The Liv-ex 1000 rose 0.63% in June to close at 344.23, further building on its May gains (+1.38%). The index is now down just 0.5% in the first half of 2020 after a two-month bounce.
The Bordeaux 500 rose 1.13% in June – the index is flat year to date.
Weakness in Sterling and some renewed vigour from Asian based buyers have helped the physical market retain its footing in the face of global macro-economic headwinds and the distraction of the Bordeaux 2019 release (more on this next week).
A key driver of growth in June was the Champagne 50 which rose 2.24%. The sub-index surpassed the Italy 100, which rose 0.12% for the month, as the best performing sub-index over a one-year period. The 2008 vintage made up nearly a third of Champagne trade by both value and volume.
All sub-indices, bar the Rest of the World 60 (-0.90%), rose in June. The Bordeaux Legend 40 rose 1.42%, followed by the Rhone 100 (0.82%) and the Burgundy 150 (0.39%).
The market continued its broadening trend – year-to-date the number of distinct wines traded has risen 18.1%.
Automated trade accounted for 32.1% of transactions in the month, holding above 30% for the third month running.