Fine wine indices rise in August
The main fine wine indices all saw small gains in August, Liv-ex has reported, with an ever increasing number of wines from new sources finding a market on the Exchange.
Although it was a very marginal set of results for both indices, the FW100 did finally turn positive after a five month long drift.
Bordeaux’s share of the market continued to decline while interest in other wines continues to rise. By the end of August Italy’s share of trade by value this year for example managed to surpass the entirety of 2019.
The Champagne 50 meanwhile continues to be best-performing sub-index in the FW1000; it rose 1.1% last month.
Despite a declining market share, it’s not all bad news for Bordeaux, the Bordeaux 500 index had one of its strongest performances so far this year and entered positive territory.
Australia, Germany and Spain all had record months in terms of trade by value, Australia undoubtedly helped along by a new batch of releases through La Place de Bordeaux which is entering its New World autumn period.