The Liv-ex August Market Report has been published exclusively for members on our Silver tier package or higher. The following is an extract.
Champagne keeps rising in July as economic pressures mount
The Liv-ex Fine Wine 100 declined in July for the first time in over two years, dipping 0.3%. The index had enjoyed a 24-month run of rises from June 2020 to June 2022, rising 36.1% in that time.
The Fine Wine 50, which tracks the daily price movements of the Bordeaux First Growths, also declined 0.9%.
Meanwhile, the broadest measure of the market, the Liv-ex Fine Wine 1000, rose 0.4%. Among its sub-indices, the Champagne 50 was up 3.1%, while the Burgundy 150 rose 1.2%. The Bordeaux 500 and Italy 100 largely held steady, rising 0.1% and 0.3% respectively.
The biggest dip was the Rhône 100 which declined 1.1% and the Rest of the World 60, which was down 0.8%. Despite this, all seven sub-indices have risen year-to-date and over the last one, two and five-year periods.
The diversity of the Liv-ex 1000 is undoubtedly its biggest strength and demonstrates the greater resilience of the secondary market when faced with external pressures.
Nonetheless, the performance of these three key indices demonstrates that the pressures of the wider global economic outlook are starting to weigh on fine wine to an extent.
Divining any firm directional shifts is difficult in the traditionally quieter summer months. However, rising inflation and fears of recession are undoubtedly setting the scene for a testing autumn and winter period.
The full report contains additional Liv-ex research and analysis:
- Regional trade share in July
- Spain’s Vega Sicilia stays positive among Rest of the World 60
- Lisa Perrotti-Brown MW finds seven 100-point wines in Bordeaux 2005
- The market for Australian wine continues to shrink
- The rising price of fine wine across different regions
Liv-ex members on our Silver tier package or higher can access the full report here.
To upgrade your package click here or speak to your Account Manager.
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 £100m of bids and offers across 16,000 wines. Independent data, direct from the market.