The Liv-ex Fine Wine 100 Index has closed March up 2.69%. It closed on 250.25, up 6.55 points on February: its fourth consecutive monthly rise.
This is the index’s largest month-on-month rise since February 2013, when it rose 3.05%.
Sterling weakness against the Euro and the Dollar since last November has played a role here, invigorating buyers from Bordeaux to Beijing. However, March was a relatively stable month for Sterling and prices continued to rise.
It was also a positive month for the Liv-ex Fine Wine 50. The index saw its highest month-on-month rise since January 2013, climbing 3.3%. Three of this month’s top movers were First Growths, with the 100-point Lafite 1996 seeing a 10% rise.
Over 80% of the wines within the Liv-ex 100 saw price gains in March, and those that didn’t experienced relatively minimal losses. Mouton Rothschild 2000 saw the biggest dip of 4.5%, having reached a record Mid Price of £13,350 per 12×75 in February.