Liv-ex bids and offers totalled a record £45,000,000

Posted by Ruiqi LI on 12 October 2017 |



Liv-ex exposure, the total value of bids and offers, totalled a record £45,000,000 this September after a ten-month consecutive growth.


After three years of decline, fine wine market has been rallying since mid-2014 and moved vigorously between 2016-2017.


While the value of offers remained between £12,500,000-£15,000,000, the value of bids kept increasing, which boosted the total exposure.


Historically speaking, when bid: offer ratio is above 0.5, the market price would stay stable with a potential to grow. But according to Liv-ex, the ratio has been above 1 since January 2016.


Recently the value of offers has hit a record £20,000,000. The bid:offer ratio remained at 1.22 but the gap between bids and offers seems now closing.



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