Fine wine ‘stock exchange’ reports LX1000 up 36% at an all time high

Peter ShakeshaftAs we approach the Festive season, and are being notified of office closures for Christmas celebrations, Liv-ex announce that the LX100 is up 32% over a three year period and is now just 14% off its all time high (in Sterling).

The LX100 which monitors the 100 most traded wines on the exchange, is Bordeaux-centric and felt the most impact from Bordeaux’s tough ride during 2011 – 14. Liv-ex Investables and the broader LX1000 have generally reported stronger growth in the last two years and the latter is currently at a record high, up 36% over the period. The LX1000 is strongly influenced by the performance of top Burgundy wines and its sub-index, the Burgundy 150, has grown 55% in the last three years.

Liv-ex 100 November 2017 – 5 years
Liv Ex Chart

Chateau Lafite BottlesAs we approach the year end, the fine wine market continues its positive growth trend and November saw another increase in the value of live bids and offers with a new height of £48M and the highest ever number of transactions and number of cases of wine traded. Liv-ex validates that market liquidity continues to grow, with greater breadth and depth in the wines traded. Much to raise a glass about at this year’s office Christmas Party!