The fine wine trade index Liv-Ex 100 reached an all-time high of 372.44 points in October with a plus of 2.2 per cent. It tracks the price development of the 100 most sought-after top wines from France, Italy, the USA, Australia and Spain on the secondary market. Over the past 17 months during the Corona pandemic, the index has recorded its strongest ever rise since trading began in December 2003, meaning that the Liv-Ex is currently experiencing its longest period of growth since then - a phenomenon it says signals "high investor confidence and a healthy market". Since 2003, its value has risen by 272.4 per cent.
But trade experts expect further increases. Older vintages available on the secondary market are currently seeing increased demand due to small harvests in Bordeaux and Burgundy, causing prices to rise further.
Liv-ex is the London-based global marketplace for wine trading. 550 Fine Wine traders from all over the world buy and sell wine here. Its development is used as an indicator for the state of the secondary wine market.
(uka / Photo: 123rf.com - Parilovv)