Is fine wine turning a corner?

The Liv-ex Fine Wine 100 index is finally showing a year-on-year gain as it rose 0.9% in June to close 3.4% up on the same level in June 2014.

liv-ex fine wine 100 index five yearsThe fine wine market has been in decline for four consecutive years since the 2011 crash but since late summer last year there have been signs it is recovering.

In July 2014 it closed on 234.01, the lowest level since September 2009. Nonetheless, it regained 1.9% by the end of the year and has remained stable in 2015 posting a total gain of 2.3% on the year to date.

Liv-ex’s global members have predicted that the Fine Wine 100 will rise an average of 8.7% this year, while the number of active markets on the exchange has gone from 3,000 two years ago to a record 5,000 which indicates: “broadening demand and increased engagement.”

The ratio of bids to offers is currently 0.73, the highest since February 2013.

Liv-ex director Justin Gibbs commented: “Despite a lacklustre En Primeur campaign the secondary market has held up very well. After four years of declines few are prepared to call the turn but our internal indicators suggest that a long overdue recovery may be underway.”

June’s best performers were dominated by the 2005s, with freshly minted 100-pointers Haut-Brion, La Mission and Cheval Blanc all on the up by 12%, 26% and 14% respectively, with Haut-Brion now hitting £5,245 a case.

Also up were 2009 Angelus and 2009 La Mission by 6.6% and 5% respectively.

Going down was a motley collection of brands including (in descending order): 2009 Grange, 2010 La Tache, 2001 Yquem, 2009 Sassicaia and 2010 Beaucastel Châteauneuf du Pape.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

We encourage debate in the comments section and always welcome feedback, but if you spot something you don't think is right, we ask that you leave an accurate email address so we can get back to you if we need to.

Subscribe to our newsletters

Key Account Manager

MMI Maldives
Maldives

Financial Controller

London City Bond
Barking, UK

Duty Manager

The Whisky Exchange
Great Portland Street, London

Spirits Advisor

The Whisky Exchange
London, UK

International Sales Manager

Elixir Distillers
Park Royal, London, UK

Brand Marketing Executive

Elixir Distillers
Park Royal, London, UK

Cellar Door Manager

House of Townend
Melton, North Ferriby, UK

Marketing Assistant

Bancroft Wines Ltd
London, UK

Marketing Manager

The Whisky Exchange
Whitby Avenue, Park Royal, London NW10 7SF

Millésime Bio 2020

Montpellier,France
27th Jan 2020

Maisons Marques et Domaines Annual Tasting

London,United Kingdom
29th Jan 2020

Austrian Wine Tasting

London,United Kingdom
3rd Feb 2020
Click to view more