As 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
As 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!