Subscriber login Close [x]
remember me
You are not logged in.

?Liv-ex launches the Liv-ex Fine Wine 1000 index

Published:  20 January, 2014

Liv-ex has broadened the scope of its fine wine analysis with the launch of its Fine Wine 1,000 index, as Bordeaux's dominance of the market wanes.

The company said it is launching the new index in "direct response to the changing shape of the $4 billion market".

Bordeaux's dominance of the fine wine market has fallen as trade shares for other regions have increased. The firm created the Fine Wine 100 index in 2001 to track the movement of top 100 fine wines. The index comprised 92% Bordeaux, reflecting its then market share. Today this stands at below 80% as demand for fine wines from Burgundy, Champagne, the Rhone, Italy and the New World has increased.

Liv-ex director James Miles said: "We have launched the Liv-ex Fine Wine 1000 index to reflect the increasing breadth and depth of the fine wine market. The index is the broadest measure of performance available, while its sub-indices offer an invaluable insight into underlying trends. The most noticeable of these is just how well regions outside of Bordeaux are doing. Many of the Burgundy, Champagne, Italy and New World wines are close to record levels, having risen by 8-9% in the last year on average."

Last month, the Liv-ex Fine Wine 1,000 closed at 255, reflecting a year-on-year rise of 3%. The index has outperformed the Liv-ex Fine Wine 100, Gold and the Nationwide House Price Index over a five year period.