Fine wine rebound continues in September
The Liv-ex Fine Wine 100 index rose 1.4% last month, the fourth consecutive month of gains, as the secondary market enjoys a rally after a slow start to the year.
Liv-ex noted that a weaker pound sterling encouraged buyers to take advantage, leading to volume and value rises.
Domaine Leflaive’s Puligny Montrachet Clavoillon 2015 was the month’s best-performing label though Champagne, Italian and Bordeaux labels all went up.
Bordeaux in fact managed to increase its trade share from 34.7% in August to 38% in September, while the Rhône and US also saw their share of trade rise, though Burgundy, Italy and Champagne saw slight declines.
The broadest market index, the Fine Wine 1000, crept up a cautious 0.98% as well; just nudging the index into the barest of positive territory for the year.
The Italy 100 pushed up thanks to “strong performances from Sassicaia and Solaia” as Liv-ex reported while Champagne 50 followed close behind thanks to trade in Bollinger’s 2005 Grande Année and Taittinger’s 2004 Comtes de Champagne.
Meanwhile, the releases from La Place meant that trades in unique wines on the exchange rose 3.2% in September to hit yet another new high this year.