In June, the Liv-ex 1000 Index reached its highest level in almost five years after gaining 3.4% to close on 264.4. This is its largest positive move since May 2007 when, stimulated by Chinese buying and interest in wine funds, it leapt up 6%.
The last time that the index was at a higher level was September 2011 when it closed on 266.9. It peaked at 279.7 in July 2011.
The Bordeaux 500 also moved up in June. It gained 3% in its largest monthly move since February 2011.
With Sterling weakening in the wake of the UK’s decision to leave the EU last month, the market has seen increased activity and rising bids from Euro and Dollar buyers – including those from Asia.
All of the sub-indices of the Liv-ex 1000 rose in June. The Burgundy 150 (+5.2%) gained the most and is now the strongest performer over one year. The Bordeaux Legends 50, up 4.4%, also made strides.