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A month of contradictions

The Liv-ex June Market Report has been published exclusively for members on our Silver package or above. The following is an extract.    

Liv-ex members on our Silver package or above can access the full report here. To upgrade your package, click here or speak to your Account Manager. 

*data taken on the 5th of June 2023.   

All the major Liv-ex indices fell in May. The Liv-ex Fine Wine 1000 (the market’s broadest measure) experienced the biggest decline, falling 2.4% to close at 457. The Liv-ex Fine Wine 100 (the industry benchmark) and the Liv-ex Fine Wine 50 (which tracks Bordeaux First Growths) were down 2% and 1.2%, respectively.  

Interestingly, despite these negative movements, trade was up by value and volume on Liv-ex last month. The breadth of the market also improved slightly month-on-month, with 1,864 individual labels (LWIN11s) traded on the platform.  These numbers suggest that Market Prices are falling across the board, rather than trade activity. Indeed, of the 100 wines that make up the Liv-ex Fine Wine 100, 79 saw their prices fall in May, with just 21 risers.  

Scores continue to play a crucial role in generating excitement around releases. As our En Primeur 2022 campaign recap shows, the average score from a vintage can help determine the future market trajectory of all wines released that year. With Neal Martin topping Liv-ex members’ lists of influential En Primeur critics, we compare the critic’s scores over the past 17 years with corresponding Market Prices to identify some interesting opportunities.  

The full report contains additional Liv-ex research and analysis:     

  • All the major Liv-ex indices fell in May   
  • Barsac wines among the biggest risers in the Liv-ex 1000 in May  
  • What does Pétrus winning a high-profile court case mean for its secondary market performance?  
  • A look back at Neal Martin’s Bordeaux scores over the past 17 years  
  • The En Primeur 2022 campaign so far  
  • Technical Analysis of the 2009 and 2010 vintages of Pontet-Canet  

 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.    

* All Liv-ex indices are calculated using our Mid Price; the mid-point between the highest live bid and lowest live offer on the market. These are the firm commitments to buy and sell at that price; transactional data rather than list prices. It represents the actual trading activity of 620 of the world’s leading fine wine merchants. Because Liv-ex doesn’t itself trade, this data is truly independent and reliable.