Broader fine wine market powers on

If the ups and downs of Bordeaux is holding back the Liv-ex Fine Wine 100, the broader market is booming, climbing over 1% in May.

The Fine Wine 100 returned a very small gain of 0.4% in May, largely wiping out a 0.5% in April. The much broader Fine Wine 1000 though, which tracks a much wider array of 1,000 wines from across France, Italy, the US, Australia, Spain and Portugal, rose 1.2%.

The index has been rising for a record 18 consecutive months and, closing May on 310.57, it is now far above its previous all-time high of 280 it reached back in 2011.

All of the sub-indices rose in May, with the Burgundy 150 being the best performer – up 2.6%.

The Bordeaux 500 was also a strong performer, up 1.2%, as was the Italy 100, which rose 1.1%.

The best performing indices of the year to date are (in order): the Champagne 50, Italy 100, Rhône 100 and Burgundy 150.