- All major Liv-ex indices recorded declines during the quarter
- The Liv-ex 100 index dropped 6.1% and the Liv-ex 1000 declined by 6.8%
- Despite Champagne’s Q2 trade share decline, the region led in the list of top traded wines by both volume and value.
Fine Wine 50 vs equities
*made using the Liv-ex Charting Tool. Data taken on 04.07.2023.
In contrast to the fine wine market, the S&P 500 and the Dow Jones Industrial have shown positive performance over the past year, increasing by 16.3% and 10.7% year-on-year respectively. The fine wine market (represented by the Liv-ex Fine Wine 50) experienced a decline of 5.5% in the same period. In the first quarter of 2023, the decline recorded in the index was only 0.9%.
Among other indices, only two fared worse than the Liv-ex Fine Wine 50: Crude Oil and the Hang Seng. Over the same past year, the Hang Seng index has struggled, falling by 13.5% due to tech stock drops, while Crude Oil experienced a decrease of 35.1% due to ongoing conflicts.
While major financial markets have seen positive gains in June and over the past year, the fine wine market is facing a slowdown, reflecting the uncertainty of the macroeconomic context and the general caution prevailing in the market.
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