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The Liv-ex Fine Wine 100 dropped 1.2% in July to close on 241.4, losing ground that it gained in June. However in spite of drifting, the index is still in positive territory over one year: it is up 3.2% on July 2014. The Liv-ex Fine Wine 50 also lost momentum in July, closing on 268.5 – down 1.3%.

As the table below shows, wines from a number of regions gained this month – but none of the top five are from Bordeaux.

While Bordeaux is absent amongst the climbers it accounts for four of the five top fallers. Pavie 2005 and Haut Brion 2005 were both upgraded to 100 points by Robert Parker in his retrospective report of the vintage, released towards the end of June. Their prices skyrocketed just as the month closed, but have struggled to hold since. Meanwhile, having seen prices rise in anticipation of Parker’s report, a number of Left Bank Bordeaux 2005s dipped in July – including include Mouton Rothschild, Margaux and Lafite Rothschild – after their scores were not as high as expected. 

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The Liv-ex 100 Index represents the price movement of 100 of the most sought-after fine wines for which there is a strong secondary market. To keep it relevant, its components are reviewed annually. This year, a number of older vintages were removed to make way for younger wines. To view the components and for more information, please click here.