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Tuesday 22 July 2014

Fine wine indices gain ground

15th December, 2011 by Rupert Millar

Market volatility in the fine wine world showed signs of calming this week and Domaine de la Romanée-Conti rose above them all.

The market’s ups and downs have been noticeable since June 2010, according to Liv-ex, with the Fine Wine 50 fluctuating between 0.26% and 1.48% in the first half of this year.

Based on a 20 day mean, the index has continued to perform better than the FTSE 100 for the most part but there was a spike in October when the index hit a 2% deviation due to “heightened uncertainty”.

Since then the index has slipped back to normal levels of volatility, often ascribed to a more positive market place. The index rose 0.22 points on Tuesday (13 December), bringing it to 345.94.

Meanwhile, Liv-ex’s DRC Index was shown to have risen in November and it now outperforms the Fine Wine 50 at 361.36, a year-to-date rise of 33% compared to the Fine Wine 50 which has fallen 12.3% this year.

Liv-ex stated on its blog that trading for DRC’s flagship Romanée-Conti was leading the surge for the Burgundian property, with vintages such as 2006, 2002 and 2000 all increasing by 40% in value.

The continuing demand for top Burgundy in China is the likeliest cause for this growth, as demonstrated by a further sale in Hong Kong last weekend by Acker Merrall.

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