Liv-ex 50

The Liv-ex Fine Wine 100 Index closed January up 1.9%: its highest month-on-month rise since February 2013. Prices also lifted for the Bordeaux First Growths, as the Liv-ex Fine Wine 50 Index rose 1.8%. This was also its highest monthly rise since February 2013, and the first time since then that it has climbed for two consecutive months. In the last six months, the Liv-ex 100 has risen 3.9% and the Liv-ex 50 has risen 3.2%.

The Bordeaux 2005s were in the spotlight in January, following Parker’s upgrade of Mouton Rothschild 2005 in December from 96 to 99+ points. This continued on from his upgrade of Montrose 2005 from 95 to 96 in August 2014, and Haut Bailly 2005 from 95 to 98 (on the Hedonist’s Gazette pages) following a dinner there in June 2014. The vintage dominated the Liv-ex 100 major movers’ table in January. As we discussed last week on this blog, there would appear to be a ripple effect with other Bordeaux 2005s moving up in price – perhaps in anticipation of further upgrades.

Meanwhile the Liv-ex Fine Wine 1000 Index – the broadest measure of the market – closed the month up 0.76%. We will look at the performance of its sub-indices tomorrow.

Major movers