The Liv-ex Fine Wine 100 index – the industry benchmark which is calculated in Sterling – has increased rapidly since November 2015, up 23.1%. The index has now risen for eleven consecutive months and is at its highest point since March 2012.
However, as can be seen from the chart above, the index looks very different when viewed in other currencies. The fine wine market has fallen the most in Japanese Yen, down 14.4% over the last year. Over the same period, it is largely flat in Euros (-0.2%) and down in Dollars (-2.4%).
Euro, Yen and Dollar-based buyers have recently been taking advantage of the favourable Sterling currency situation.
This is an extended version of an update sent to Liv-ex members earlier today