The Liv-ex 1000 Index – the broadest measure of the fine wine market – closed September 2016 at a fresh high of 285.30. This is an increase of 1.3% on August’s close of 281.62 – the previous all-time high of the index. It has now risen for ten consecutive months.
The fine wine market has been rising since the end of last year. It received a marked boost after June 24 when the UK voted to leave the EU. A weaker Sterling has encouraged buying from Euro and Dollar-based merchants.
Amongst the Liv-ex 1000 sub-indices, the Bordeaux 500 (+17.7%), Bordeaux Legends 50 (+20.1%) and Burgundy 150 (+17%) have increased the most this year, rising rapidly in the summer as Sterling dropped after the UK referendum. However, in September the Rest of the World 50 (+3.1%) and the Champagne 50 (+3.0%) made the strongest gains as buyers broadened their focus.