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.

 

 

Related Link:  http://www.insights.liv-ex.com/2017/10/new-record-high-exposure-reaches-45million.html

 

 

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