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Following gains made by the Liv-ex 100 and Liv-ex Fine Wine 50, the Liv-ex 1000 index – the broadest measure of the market- moved up 1.1% in January to close on 247.8. The Bordeaux 500 Index also edged up, moving 1.4%. Both of these indices are now at their highest levels since April 2014.

After four and a half years of decline for the region, the Bordeaux indices* led the way in January, with the most positive news coming with the performance of the Bordeaux Legends 50 Index. Composed of a selection of 50 Bordeaux wines from exceptional older vintages (from 1982), it gained 1.5%. This makes it the top-performing sub-index last month.

The Italy 100 gained 1.2% while the Rhone 100, which has been sluggish over the past two years, closed the month up 0.9%. The Champagne 50 is now the weakest sub-index over twelve months: after dipping 0.1% in January it is down 2.6% over one year.

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*Bordeaux 500 Index, Liv-ex Fine Wine 50, Bordeaux Legends 50.