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The Liv-ex 1000 index of the London trading platform Liv-ex (London International Vintners Exchange) lost 1.4 per cent in value in October. The value had already fallen by one per cent month-on-month in both September and August. The Liv-ex Fine Wine 1000 Index consists of seven sub-indices from all over the world and represents the price development of 1,000 of the most sought-after top wines. With one exception, all have recorded monthly declines compared to the previous year: The Bordeaux 500 down 9.3 per cent, the Burgundy 150 down 14.1 per cent and the Champagne 50 down 15.3 per cent. The Rhône 100 fell the most, dropping by 18.1 per cent. The least fallen index was the Italy 100 with a drop of 5.7 per cent. The "Rest of the World 60" was the only sub-index to increase for the second time in a row: it rose by 0.2 per cent in both September and October. Californian wines were primarily responsible for the price increase.
The Liv-ex Fine Wine 100 and Liv-ex Fine Wine 50 indices, which primarily represent Premier Cru wines, also lost ground in October (2.1 and 1.9 per cent respectively). This did not fulfil hopes that the market might have bottomed out in September. Trading volumes and the number of transactions increased in October. The number of wines recorded rose to 2,243.
All Liv-ex indices are calculated from the global trading activities of more than 620 wine traders. The average price of the highest live bid and lowest live offer on the market that lead to binding sales transactions is calculated, regardless of list prices.
(al / Source: Liv-ex)