Liv-ex 100 dips again in March

The Liv-ex Fine Wine 100 index which tracks the most widely traded labels in the secondary market dipped again in March, having failed to register a positive monthly performance so far this year.

The benchmark index declined 0.2% last month, not as much as the 0.7% in February but meaning the index is back down at levels last seen in late 2017.

The best-performing labels in March included the 2015 Chateauneuf du Pape from Clos du Papes (up 7.6%), Domaine de la Romanée-Conti’s 2014 Richebourg, 2010 Leoville Poyferré, 2003 Montrose and 2007 Cristal.

It was another bad month for vintages ending in five though. Aside from the 2009 Petrus declining 5%, the 2015 vintages of Paul Jaboulet’s Hermitage La Chapelle, Domaine Leflaive’s Chevalier Montrachet and Beaucastel’s Chateauneuf all declined.

And Armand Rousseau’s 2015 Chambertin was by far the month’s biggest loser, down 17.3% from £31,107 per dozen to £25,721.

It is now the second month in a row that the 2015 Chambertin has been the month’s biggest faller, declining 8.5% last month.

That means it has fallen from £34,000 to £25,721 in the space of two months, a drop of 24%.