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Liv-ex 100 index rises 1.3% in August

By September 7, 2021Burgundy, Fine Wine Market, Indices, Italy, USA

The Liv-ex 100 index rose 1.3% in August to close at 350.9. The industry benchmark has now enjoyed 16 consecutive months of gains. 

At its current level, the index is just 3.9% off its all-time high, reached in June 2011. 

The drivers behind this growth, however, have been very diverse. The broadening market in particular has had a big impact. 

The broadening market

A decade ago, Bordeaux’s grand crus dominated the secondary market and prices were peaking.  

As the 2021 Liv-ex Classification revealed, the shape of the market has changed considerably – in the short term too.   

The number of distinct wines traded (LWIN11s) so far this year is up 27.2% on the same period last year.  

There are big movers from Burgundy, but also increasingly from Italy and the USA; two countries that are attracting a larger share of trading activity. 

Major movers

Coche Dury, Meursault 2016 topped the list of risers within the Liv-ex 100 index, having moved 11.1% in value. 

It was followed by Domaine Leroy Clos Vougeot 2015, up 9%, and Domaine Leflaive, Chevalier Montrachet 2016, up 5.7%. 

The 2014 and 2015 vintages of Masseto and Sassicaia also rose in August.  

The biggest riser from Italy was Giacomo Conterno Barolo Riserva Monfortino 2010, up 4.5%. 

The 2015 vintage of Opus One, also rose 2.6% last month. The highly-rated 2018 was released this week. 

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