The Liv-ex 1000 Index – the broadest measure of the fine wine market – closed March 2017 at another record high of 306.7. This represents an increase of 1.2% on February’s close of 303.2 and is the sixteenth consecutive month where the index has risen.
The fine wine market has been consistently rising since December 2015. It received a marked boost toward the end of June when the UK voted to leave the EU. Weaker Sterling has encouraged buying from Euro and Dollar-based merchants.
Within the Liv-ex 1000, all the sub-indices made gains this month. The Rhone 100 was the best performing sub-index, up 2.3% month on month. Year to date, the Champagne 50 has risen the most, up 5.6% in 2017. Over one year, Burgundy continues to lead the way, with the Burgundy 150 recording a 25.8% rise in the last twelve months.