Fine wine index finally rises

Liv-ex has recorded the first rise in six months for its Fine Wine 100 index.

The index posted a rise in January after months of decline, hitting 290.30 points – a rise of nearly four points, or 1.39%, over the course of the month.

A slowdown in demand for Bordeaux, in particular Château Lafite, had a strong effect on Liv-ex’s indices in the second half of 2011 and in the six months to December 2011 the Fine Wine 100 fell 20%.

The rise means the index is now at its strongest since October 2010, the moment when Lafite announced it was releasing its 2008 vintage engraved with the Chinese symbol for eight.

Liv-ex director Justin Gibbs commented: “This is welcome news for the wine market. While a single month’s data does not confirm a change in trend, the rise in prices combined with the uptick in transaction volumes suggests a definite lightening of the mood.

“If the market can hold this level in the run up to the Bordeaux 2011 release in May, and assuming that the vintage is released at sensible prices, then one would expect some bullish sentiment to return.”

The Fine Wine 50 has also posted a month-on-month increase of 1.9% and the Fine Wine Investables 0.5%.

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