- The Liv-ex 1000 index has risen to new heights over the last three months.
- Lafite 2018’s two-month reign as the leading wine traded by value was finally ended by an Italian label.
- The Champagne 50 led the gains among the sub-indices.
One of the broadest Fine Wine Market’s benchmark indicies, the Liv-ex Fine Wine 1000, rose for its ninth consecutive month, with an increase of 0.76% in May.
The index closed the month at 372.78, making this the third month the Liv-ex Fine Wine 1000 has hit a new high.
The fine wine market continued to broaden in May with an average of 630 different wines being traded on weekly basis, a 40% increase on the same period last year.
Six of the seven Liv-ex 1000 sub-indices rose in May, with only the Italy 100 drifting a little (-0.10%). All seven Liv-ex 1000 sub-indices are positive over the past year, however.
The Champagne 50 leads yearly gains, having risen 13.2% over the past 12 months. The Burgundy 150 is close behind, with a rise of 9.9% over the past year.
The Rest of the World 60 has lagged behind the other sub-indices but led gains for May, up 3.06%. Screaming Eagle was its largest mover – its vintages saw an average increase of 5.5%.
The Champagne 50 has been on an impressive run, which continued in May. Six of the top 15 best performing Liv-ex 1000 LWIN7s came from the region.