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%.