Fine wine market pulls back in October

5th November 2018 by Rachel England
Posted in: Wine Market News
Tagged: Bordeaux Burgundy fine wine Liv-ex 100 Liv-ex 1000 Armand Rousseau California October
Fine wine market pulls back in October

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 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%.

Related link:

https://www.liv-ex.com/2018/11/liv-ex-1000-dips-0-6-october/

Posted in: Wine Market News
Tagged: Bordeaux Burgundy fine wine Liv-ex 100 Liv-ex 1000 Armand Rousseau California October