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News
Fine Wine 1000 powers upwards
The Liv-ex Fine Wine 1000 closed September on yet another record high with an increase of 1.3% on August’s finishing point.
In August the index – Liv-ex’s broadest measure of the secondary market – hit a record high of 281.62, a level which exceeded even the peak of the 2011 China-led bull market.
The index saw out September at 285.30, like the Fine Wine 100 it is the tenth consecutive month of rises.
On the other hand, both the Fine Wine 100 and 1000 indices saw somewhat smaller gains in September compared to August.
The best-performing sub-indices on the Fine Wine 1000 were the Rest of the World and Champagne indices which rose 3.1% and 3% respectively in September.
The Bordeaux and Burgundy indices have seen the biggest rises over the course of the year so far and were given a boost by the ‘Brexit’ referendum this June which saw the value of sterling drop sharply against the euro and US dollar.