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Saturday 20 December 2014

Liv-ex 100 hits 2009 levels

3rd July, 2014 by Rupert Millar

The Liv-ex 100 index has fallen back to October 2009 levels in June following 15 months of decline, with Bordeaux stabilising somewhat and DRC’s La Tâche taking a severe tumble.

Château Margaux

Château Margaux

The index, which monitors the leading 100 fine wines on the secondary market, fell 2.9% over June, while the Fine Wine 50 (following the first growths) dropped 3.2% in the first three weeks of the month before settling down in the last 10 days of the month.

Liv-ex noted on its blog that the initial drop hit Lafite 2004, Latour 2008 and Haut-Brion 2010 quite hard, with each seeing respective drops of 9.2%, 9.5% and 11%.

Also hard hit were Super Tuscan Sassicaia, who’s 2006 vintage dipped 9.4% to £1,563 a case, while previously high flying Domaine de la Romanée-Conti’s 2009 La Tâche plummeted 17.9%, losing nearly £5,000 from its case price.

By contrast, Margaux saw two vintages receive a boost, the 1996 going up 3.9% to £4,000 a case and the 2003 up 5.1% to £3,700 p/cs.

Cheval Blanc, which traditionally struggles in the secondary market, also saw its 2000 vintage go up by 3.9% to £5,232 p/cs.

Léoville Las Cases’ 2005 rose 4.8% while Montrose’s 2010 – which along with the 2009 from the estate have been yo-yo-ing up and down in recent months – rose highest over June up 5.3% to £1,225 p/cs.

The broadest index, the Fine Wine 1000, performed better falling just 0.9% buoyed up by the non-Bordeaux sub-indices such as the Rhône 100 which rose 0.7% and the Burgundy 150 and Rest of the World 50 which rose 0.4% each.

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