First Growth price volatility put downward pressure on the Liv-ex Indices in August, with the industry benchmark – the Liv-ex Fine Wine 100 – dropping 4.0 per cent to 344.5. The index is up 2.5 per cent year to date and 13.5 per cent year on year.
The Liv-ex Claret Chip Index, which tracks the price movement of top-scoring vintages of the First Growths, fell the hardest, descending 4.9 per cent to 419.8. The index has risen just 1.5 per cent this year - its second worst performance over this period since 2004. (Read more here.) Despite its relatively sluggish progress, the Claret Chip has gained 14.8 per cent since August 2010.
The Liv-ex Fine Wine 50 Index ended the month at 415.5 – a change of -4.4 per cent on July. The index is up 3.6 per cent year to date and 20.2 per cent year on year.
The Liv-ex Fine Wine Investables Index followed a similar path, falling 3.7 per cent to 351.6. The benchmark has increased 5.3 per cent for the year to date and 17.9 per cent year on year.
The Liv-ex Fine Wine 500 Index is the broadest based of the Liv-ex Indices and saw little change in August. By month end, the index touched 293.0 – down 0.4 per cent on July and up 13.9 for the year so far. The index is currently leading in terms of year-on-year performance, having risen 24.4 since August 2010.
Click here for an overview of the Liv-ex Indices' performance in August.