Liv-ex 100
The Liv-ex 100 rose 0.9% in October – its second consecutive month-on-month advance. 49 components saw their Mid prices increase, 9 remained flat and the remaining 42 saw declines. Petrus 2020, Chateau d’Yquem 2011 and Salon 2013 were the top performers, while Cristal 2008, Domaine de la Romanee-Conti’s Richebourg 2020 and Armand Rousseau Chambertin 2019 were the worst.
Liv-ex 1000’s sub-indices
All Liv-ex 1000 sub-indices, except for the Rhone 100 (down 1.0%), rose in October. The Italy 100 was the top performer, up 1.3%.
Italy leads the Liv-ex 1000
The Italy 100’s Relative Strength Index had crossed into oversold territory (below 30) over the summer, which appears to have successfully generated a buy signal – this month, it recovered back up to 35. The price index remains well above its 2020 lows, with its long-term trendline and 100-month Simple Moving Average providing support.
Technical analysis of the Italy 100
Rest of the World 60 up 1.2%, led by Screaming Eagle
The Rest of the World 60 followed in second place, led by Screaming Eagle’s Oakville Cabernet Sauvignon, five vintages of which saw Mid Price increases over 5%. The 2012 vintage topped the list, up 12.0% month-on-month. While it trades relatively infrequently, recent auctions confirm an upward trend.
Auctions and Liv-ex trades of Screaming Eagle 2012
Champagne 50 up 1.1%
The Champagne 50 was the Liv-ex 1000’s third strongest performing sub-index, up 1.1% month-on-month. Salon 2013 took the top spot, its Mid Price rising 10.4% over the course of October. Trade prices have ticked up from a low of £6,000 per 12×75 in September to c.£7,300 this week, with healthy volumes changing hands.
Liv-ex trades of Salon 2013
Cristal Rose performed particularly well, with all four component vintages (2008, 2012, 2013 and 2014) recording month-on-month gains. Jacques Selosse, Millesime 2008 also saw its Mid Price rise, the wine now trading actively upwards of 25% above its April low of £20,064 per 12×75.
Fine Wine 50’s second consecutive rise in 3 years
The Fine Wine 50, having seen its first monthly rise in September in three years, rose 0.7% in October. Earlier in the month, its 20-day Simple Moving Average rose above its 50-day moving average, forming a golden cross pattern – the short-term upwards movement taking shape as a slightly longer-term trend.
Technical analysis of the Fine Wine 50 (daily calculation)
