The Liv-ex Fine Wine 100 Index closed January at 301.88, up 1.25% on the previous month. The index has now risen for an unprecedented fourteen consecutive months and is up 25.3% year-on-year. It is now at its highest point since October 2011, when it closed at 308.03.
The biggest movers last month came from a number of regions. The top two were Guigal, Cote Rotie 2012 (average price, production combined of the La Las) and 100-point (WA) Smith Haut Lafitte 2009. They increased by 11.0% and 7.3% respectively. Guigal, Landonne 2012 was upgraded to 100-points at the end of December 2016 by Wine Advocate.
Pavie 2009 (WA 100) also gained 5.4%. Earlier in the month it traded at an all-time high of £3,100 per 12×75.
Overall, momentum increased in January: the index rose 1.25%, compared to just 0.4% in December. However, not all wines moved in a positive direction: Leoville Las Cases 2009 (WA 98+) and Haut Bailly 2009 (WA 100) pulled back slightly after making significant gains in previous months.