Fine wine market runs largely flat in September

By: Veselin Valchev
Veselin Valchev
Veselin is a data scientist with extensive experience in commodities and natural resources within the FTSE 100. His data… read more.
on Oct 6, 2015
Updated: Apr 9, 2020

The Liv-ex 100 Index, widely regarded as the fine wine market’s benchmark, closed the month of September unchanged at 241.65, which is still 1.3 percent higher in the year-to-date.

The top gainer last month was Louis Roederer’s 2004 Cristal, which climbed eight percent to £1,308 per case, while Haut Brion 2000 ended the month a close second with a 7.5 percent gain to £5,059. Domain de la Romanee-Conti’s 2009 Tache (£19,484), Lynch Bages 2000 (£1,520) and Lafite 2006 (£4,452) were the other three top gainers, adding about five percent each.
On the other side of the spectrum, Haut Brion 2009 was the biggest loser, dropping 4.9 percent to £5,105. Margaux 2000 (£6,003), Sassicaia 2009 (£1,018), Penfolds Grange 2009 (£2,688) and Lafite 1998 (£4,900) all depreciated by about four percent.

The Liv-ex 50, which tracks Bordeaux’s First Growths, dipped 0.03 percent, while the Liv-ex 1000, the broadest gauge on the market, gained 0.6 percent. The Burgundy 150 and Champagne 50, both sub-indices of the Liv-ex 1000, climbed the most last month, adding 1.45 percent and 1.26 percent, respectively.
Bordeaux 500, Italy 100 and Rest of the World 50 also closed the month in positive territory, while the Rhone 100 was the only sub-index to lose ground in September, dropping 0.26 percent.
Meanwhile, the Fall fine wine auction season is getting off to a fiery start, with Sotheby’s two-day sale in New York last week fetching more than $4.8 million (£3.2 million) in gross proceeds.
The highlight of the event undoubtedly was the special “The Krug 1915 Tasting Experience” item. This voucher includes a unique two-day visit to the House of Krug in Reims, France, for four people, in addition to a bottle of Krug 1915, of which only four are left in the world. The lot sold for $116,375, with bidding having started from $15,000.

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