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News
Fine wine wobbles in July
The Liv-ex 100 index wobbled in July with a 0.7% decline but the wider-focused Fine Wine 1000 index gained 0.7%.
The fall in the Fine Wine 100 is the first fall since February this year. The labels recording the greatest declines were a mix of Champagne, Italian, US and Burgundian wines.
Masseto’s 2014 saw the month’s biggest dip – down 10% in price. As Liv-ex pointed out recently, a number of Super Tuscans have seen a touch of cooling in their performances of late and the Italy 100 has been the worst-performing sub-index this year.
As for the best-performing labels, they too constitute a mix of Champagne, Italian and Burgundian wines; including 2006 Comtes de Champagne and Dom Pérignon, 2009 Cristal, 2014 Sassicaia and 2014 Richebourg.
As the Fine Wine 100 struggled, when looking at the broader market things are much more positive.
The 0.7% rise for the 1000 index takes it to yet another new high, and it is up 5.3% on the year to date.
The best-performance last month was by the Burgundy 150 which rose over 3%, the Italy 100 – despite its overall poor record – went up 2% and the Champagne 50 rose 1%.