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Navigating the storm

The Liv-ex August 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 14th of August 2023

Emerging opportunities from the current downturn

Last month saw further falls across the board, with all major Liv-ex indices declining in July. 

The Liv-ex Fine Wine 100, the industry benchmark, was down 3.1% from the previous month to close at 381.41 and the Liv-ex Fine Wine 50 (which tracks the movement of First Growths) fell by 3.5% month-on-month. Year-to-date, the picture is much the same: all indices are down, with the Liv-ex Fine Wine 1000 falling 2.1% once again last month and 8.7% since the start of 2023. 

July saw a monthly increase in trading activity in both value and volume as sellers adjusted prices to clear. The market breadth also expanded month-on-month, with 1,865 individual labels (LWIN 11s) trading on Liv-ex over the course of the month*. 

There is little doubt that after a seven-year (almost uninterrupted) bull market favouring sellers, the ball is now firmly in the buyer’s court. The question is, are they ready to play and at what level?   

In this report, we highlighted the wines from Tuscany and Piedmont that are buoying the Italy 100, a beacon of stability in an otherwise turbulent market. We also looked at the highest-rated second wines of Bordeaux 2022 according to critics, and used technical analysis to try to make sense of the price movements of the Champagne 50 and Château Lafite Rothschild.  

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

  • The Italy 100 shows stability 
  • Technical Analysis of the Champagne 50 
  • The best second wines of Bordeaux 2022, according to critics 
  • Jean-Michel Cazes’ legacy at Château Lynch-Bages 
  • Château Lafite – where to next? 

Liv-ex members on our Silver 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 630+ of the world’s leading fine wine merchants. Because Liv-ex doesn’t itself trade, this data is truly independent and reliable.