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Which way are the trading winds blowing? 

The Liv-ex October 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.    

October Indices Update: Which direction are trading winds blowing in?

*data taken on the 4th of October 2023. The FTSE 100 was last updated on the 29th of September. The Liv-ex Fine Wine 50 is updated daily. 

Last month, we wrote that August’s figures pointed towards a buyers’ market. It appears buyers have indeed stepped up to the mark, witnessed by increased trading activity by both value and volume in September. Market breadth continued to expand steadily, with 2,202 individual labels (LWIN11s) trading over the month, an 8.2% increase on August. 

In September, the Liv-ex Fine Wine 100, the industry benchmark, showed relative stability despite continued selling pressure in the broader market. The index declined by 0.1% month-on-month to close at 376.34. The Liv-ex Fine Wine 50 (which tracks the movement of First Growths) also fell by 0.1% (NB: this index is updated daily). The last two monthly declines have been notably milder than previous months.  

However, looking at the broader fine wine market, the Liv-ex Fine Wine 1000 fell by 1.0%, slightly more than the 0.8% fall recorded last month. Year-to-date, the index has fallen by 10.4%. 

Whether the milder declines in the LX100 and LX50 are a sign of cautious optimism returning to the market or simply a ‘back to school’ moment, it is difficult to say, but the Liv-ex Fine Wine 1000’s decline suggests we’re not out of the woods yet.    

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

  • The Champagne (50) is flat  
  • It’s ‘decision time’ for the Fine Wine Investables 
  • The Wine Independent on the golden boy of Bordeaux 
  • La Place releases: Too much, too late?  

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.