In July, the Liv-ex 1000 Index increased 3.4% – the same increase as the previous month – to close on 273.3. The index is now at its highest level since July 2011 when the index peaked at 279.7 during the China-led boom.
The market has recently received a boost from weaker Sterling in the wake of the Brexit vote with Euro and Dollar-based buyers taking advantage of the favourable currency situation.
The Bordeaux 500 also moved higher in July, up 3.8% to 268.67. This is its biggest monthly move since July 2007 when the index increased 5.6%.
All of the Liv-ex 1000 sub-indices moved higher in July. The largest gain was made by the Bordeaux Legends 50 (+4.0%), also the largest mover year-to-date. The Rest of the World 50 Index made the smallest gain month-on-month, up 1.7%. It is the worst performer year-to-date. Over a five-year period, however, the Rest of the World 50 is the best performing sub-index of the Liv-ex 1000, up 29.8%.