With trading levels returning to normal after the summer break Liv-Ex sees reasons to be cheerful.
With the fine wine market filled with cautious confidence and Bordeaux seeing signs of rehabilitation, Liv-ex has pointed to the 2005 vintage as worthy of a revisit.
Last week Sassicaia and its second wine Guidalberto “ruled the roost” in the Liv-ex trade tables with the 2010 and 2011 trading in “healthy quantities.”
The Liv-ex Fine Wine 100 saw a small but palpable lift in August with Lafite leading the way as the growing signs that the overall decline in the market is nearing an end bear (a little) fruit.
Liv-ex has been tracking the ratio of bids to offers for signs of a recovery, and in the week to 21 August recorded it had hit 0.46, the highest since March.
The tail end of August has offered more reasons for fine wine followers to be cheerful as the value of bids on Liv-ex increased by £1 million.
Vintage Champagne is being touted as the next big wine investment by London-based fine wine merchant Woolf Sung.
Bordeaux first growths Margaux and Haut-Brion are taking an increasing amount of trade by value on Liv-ex – more than the other three first growths combined.
Haters better watch out, the ace is back – almost – but what music will he be listening to?
The Liv-ex Fine Wine 100 declined for the sixteenth straight month in July but it was the slightest monthly drop since December last year.
© 2014 Union Press Ltd | Unit 122, 30 Great Guildford Street, London SE1 0HS, UK | Registered in England and Wales No. 03606414 | Tel: +44 (0)20 7803 2420