The Liv-ex 1000 Index – the broadest measure of the fine wine market – closed December 2016 at an all-time high of 299.80. This is an increase of 1.1% on November’s close of 296.60. The index finished the year 22.3% higher than it was at the end of December 2015. It has risen for thirteen consecutive months.
Among the Liv-ex 1000 sub-indices, the Burgundy 150 (+26.0%), Bordeaux Legends 50 (+24.9%) and Bordeaux 500 (+23.1%) were the top performers over 2016. All of the indices received a marked boost after June 24 when the UK voted to leave the EU. A weaker Sterling has encouraged buying from Euro and, particularly, Dollar-based merchants.
However, in December the Champagne 50 (-0.9%), the Rest of the World 50 (-0.3%) and the Italy 100 (-0.2%) recorded small declines on the previous month.