The value of confirmed bids and offers on the Liv-ex Exchange reached a new high last week of nearly £30 million.
With Bordeaux prices still approaching a nadir, are the first growths back to competitive, attractive prices?
Following in the footsteps of the Fine Wine 100, the Liv-ex Fine Wine 1000 index also made gains in January with Bordeaux leading the way.
Fine wine’s strong start to the year has been confirmed after the Liv-ex Fine Wine 100 index rose over 1% in January.
Prices for top Burgundy are beginning to outpace those for first growth clarets, but as the region continues to trade on its rarity, its value in relation to Bordeaux must surely come into question.
The list of the best performing labels on the secondary market in 2015 from Burgundy highlights the stagnating prices at the top end of the category.
The first growth’s second wines have been putting more distance between themselves and their parent labels since 2014, according to Liv-ex figures.
The bid-to-offer ratio on Liv-ex has risen above 100% for the first time since 2010, while the value of bids has risen by £1 million.
Tempting as it may be for fine wine investors to get excited about last week’s trading on the Liv-ex 50, it is probably worth reflecting that this is not unusual for January.
Fine Wine failed to make positive gains in 2015 but it did manage to outperform gold, copper, FTSE 100 and the S&P 500.
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