The tail end of the Bordeaux 2013 En Primeur campaign did nothing to boost the market’s mood in May, and the Liv-ex Fine Wine 100 Index closed the month on 243.13, down 1.4% on April. Less than a third of wines in the index saw price increases.
This was a month led by declining First Growth prices. With its largest fall for six months, the Liv-ex Fine Wine 50 index dropped 2.1% to close the month on 274.86. As shown in our table below, the 2003 vintage was one of the hardest hit; despite good scores from Parker, many remain sceptical of the wine’s longevity.
The Liv-ex Fine Wine 1000 index – the broadest measure of the market – fell 0.7% in May, with four of its seven sub-indices losing ground. Young Bordeaux vintages may be seeing price falls but the Bordeaux Legends 50 closed the month up 0.2%, while the Rest of the World 50 continued to put in a strong performance, climbing 0.7%.
Full index levels can be seen here.