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The Liv-ex Fine Wine 100 Index, which represents the price trends of 100 of the world's most sought-after wines, closed 2023 down 14.1 per cent. The index, which is calculated by the global wine trading platform Liv-ex (London International Vintners exchange), is regarded as the industry's leading benchmark for monitoring global fine wine prices. Although the decline weakened somewhat in December compared to previous months, observers do not believe that the trade has bottomed out yet, as interest on savings currently offers a safe alternative.
The Liv-ex Fine Wine 1000 Index, which contains 1,000 wines from all over the world, fell by 13.7 per cent. Bordeaux suffered the biggest fall, while the Italy 100 Index rose slightly in December. One of the few winning wines of the year, which came from the Rhône, Bordeaux, Tuscany and Piedmont, was the Côte Rôtie La Turque 2018 from E. Guigal, which was 11.4 per cent more expensive in December and 4.8 per cent more expensive year-on-year.
Some wines that were among the winners in 2018 and 2019 were the biggest losers in 2023: Masseto 2018 was down 12.5 per cent, Masseto 2019 was 10.3 per cent lower than in the previous year, Château Figeac 2018 fell by 10.9 per cent and Domaine François Raveneau, Chablis Premier Cru, Montée de Tonnerre 2018 by 8.6 per cent.
Despite the losses in 2023, the Liv-ex Fine Wine 100 Index is up 286 per cent since its launch 20 years ago. Over the past five years, it has risen by 15.5 per cent.
(al / source: harpers.co.uk)