Fine wine rebounds even higher in October

After limited gains in September, Liv-ex’s Fine Wine 100 rebounded strongly in October – making 11 straight months of positive movement for the index.

After a gain of 1.59% in September, last month the Liv-ex index – which tracks the 100 most traded fine wine labels on the secondary market – rose 3.6% last month, tying with July for the biggest monthly gain seen so far this year.

The fine wine market has now seen 11 consecutive months of positive gains and is at its highest point since March 2012.

The index is up 22.3% on the year-to-date and even if the pace slows in November and December, something catastrophic would have to happen for the index to finish the year negatively.

The first growth tracker, Fine Wine 50, was also up in October; it closed with a gain of 3.5% on September.

Burgundian and Italian wines saw some of the biggest rises last month; Comte de Vogüé’s 2012 Musigny Vieilles Vignes was back with a 15.5% leap in price to £5,619 per case.

Domaine de la Romanée-Conti’s 2011 La Tâche was also up 15.4%, Beaucastel’s 2012 Châteauneuf-du-Pape 12.2%, 2010 Masseto 11.9% and the 2010 Ornellaia was up 10.3%.

Some strong 2009 labels took a bit of a back step in October, Vieux Château Certan declining the most, down 4.3%.

The DRC 2012 La Tâche also continued a slide which began in September and declined a further 3.5% to a mid-price of £19,564 a case.