Lix-ex Fine Wine 100 Index grows after years of decline
Fine wine market Liv-ex said its Fine Wine 100 Index rose 0.9% in June to close on 244.08, up 3.4% on a year ago. That follows a slow recovery from the nadir of July last year, when the index dropped to 234.01, its lowest level since September 2009. It rose 1.9% to the end of 2014 and has gained 2.3% in 2015 so far. Bordeaux Index MD Gary Boom said the market was experiencing ‘welcome, gentle recovery’, with the company’s own LiveTrade index up 3.02% in 2015 and rising steadily every month since last August.