resizedimage600462 LivEx100October18

Fine wine market pulls back in October


Posted in: Wine Market News

Tagged: Closer Look

October saw minor drops in both the Liv-ex 100 and Liv-ex 1000. The Liv-ex 100 – the industry benchmark – closed the month on 313.94, down 0.7% on the previous month. The Liv-ex 1000, meanwhile, dipped 0.6% - only the second time the index has pulled back this year.

However, both indices remain in positive territory for the year, up 0.8% and 8.4% year-to-date respectively.

The top movers in the Liv-ex 100 came from Burgundy, the Rhone and Bordeaux. Armand Rousseau Chambertin 2015 occupied the top spot, jumping by 9.9%. It was followed by two recent vintages from the Southern Rhone: Clos Papes 2015 and Beaucastel 2015, which rose by 4.9% and 3.9% respectively. DRC Tache 2014 was also up by 3.6%. Cos d'Estournel 2005, which Robert Parker awarded 97 points, rose by 3%.

All of the Liv-ex 1000 sub-indices fell in October, apart from the Burgundy 150, which rose by 1.3%. Continued strong price performances from top Burgundy producers Armand Rousseau and DRC helped the index sustain its upward trend.

The Bordeaux Legends 50 was the biggest faller this month, down 1.8%. The California 50, which is not part of the Liv-ex 1000, closed October on 310.12, up 3%.

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