Trade negotiations and Brexit anxieties have led to ongoing sterling volatility, but the fine wine market has shown cautious optimism in September. Its broadest measure, the Liv-ex 1000, rose 0.98% in sterling terms to close the month at 351.46. The index is positive year-to-date (0.96%). The Liv-ex 100, the industry benchmark, also rose in September, up 1.4%.
Within the Liv-ex 1000 sub-indices, the Italy 100 increased the most, up 2.4%, pushed by particularly strong performances from Sassicaia and Solaia.
The Champagne 50 was the second biggest riser, up 2.1%, helped by moves from Bollinger Grande Anne 2005 and Taittinger Comtes Champagne 2004.
The Rest of the World 50 was the only Liv-ex 1000 sub-index to move into negative territory, down 0.9% in September. Meanwhile, ROW’s trade share by value is at a record high year-to-date.