The downturn in the fine wine market has continued, the latest report from Liv-ex has said, with all major indices falling during August – although there was an uptick in trade in the second half of the month. According to the fine wine specialists September report, the Liv-ex Fine Wine 1000, which represents the broadest outline of the market, tracking 1,000 wines across all regions, fell 0.1%, while the Fine Wine 100 was down 1.0%. This was a similar trajectory to that seen in July (-1.1%), taking its performance in the year-to-date to -5.4%. Meanwhile, the Liv-ex Fine Wine 50, which keeps track of recent vintages among Bordeaux First Growths, fell 0.6% during August. There was better news from some regions, however, with the Rest of the World 60, representing ten of the most recent physical vintages of six wines from Spain, Chile, USA, and Australia up 0.8%, while the Rhône 100, Burgundy 150, and Champagne 50 also saw modest rises of 0.5%, 0.2%, and 0.1% respectively. The uptick of trade during the second half of the month though, which saw 55.0% of trade by value taking place in the second half of August, was a more promising sign, as was the 9.8% and 9.9% rises in the number of unique brands and wines traded on the market. The report also noted the increased activity by US merchants this year, notably in the Rest of the World index, where US merchants were responsible for 64.0% of total trade value across the Index during
This Article was originally published on The Drink Business - Fine Wine
