Liv-ex’s annual report looks back at the fine wine market in 2023, examining the impact of challenging macroeconomic conditions on the secondary market.
We dive into various regions’ performance, highlighting pockets of opportunity and the most-traded wines on the exchange in 2023.
Some of the topics explored in the report:
- The downturn that began in 2022 continued throughout 2023. Major Liv-ex indices (the Liv-ex Fine Wine 50, 100 and 1000) are all down year-to-date, and are not longer outperforming financial indices such as gold and the S&P 500.
- We look at the number of wines traded on Liv-ex, which have been breaking records every year for the past decade, and compare to the numbers recorded in 2022.
- After years of decline, Bordeaux’s share of regional trade is on the rise as collectors flock to this ‘safe haven’. We consider which other regions performed well, and which saw their market shares drop.
- The most traded wines on Liv-ex were dominated by Champagne and Bordeaux. The Wine Spectator’s wine of the year, Argiano, Brunello di Montalcino 2018 was also one of the top-traded wines by volume. The full rankings are included in the report.
- What does 2024 hold for the secondary fine wine market?
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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 620+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently over £100m of bids and offers across 20,000 wines.