The value of bids on Liv-ex has hit an all-time high this
week. Reaching £7.9 million, the value of total bids on the exchange has surpassed
its last peak of £7.5 million in February 2011. The total number of bids on Liv-ex also
hit a three-year high. (Members bid to buy wines on Liv-ex, so a bid represents the price that a member wishes to pay for a wine: an increase in the number of bids usually points to optimism within the market.)
Is this rise in bids correlated to the 10 point
(3.4%) increase in the Liv-ex Fine Wine 50 over the last two months?