The Liv-ex 100 index rose 1.3% in August to close at 350.9. The industry benchmark has now enjoyed 16 consecutive months of gains.
At its current level, the index is just 3.9% off its all-time high, reached in June 2011.
The drivers behind this growth, however, have been very diverse. The broadening market in particular has had a big impact.
The broadening market
A decade ago, Bordeaux’s grand crus dominated the secondary market and prices were peaking.
As the 2021 Liv-ex Classification revealed, the shape of the market has changed considerably – in the short term too.
The number of distinct wines traded (LWIN11s) so far this year is up 27.2% on the same period last year.
There are big movers from Burgundy, but also increasingly from Italy and the USA; two countries that are attracting a larger share of trading activity.
Coche Dury, Meursault 2016 topped the list of risers within the Liv-ex 100 index, having moved 11.1% in value.
The 2014 and 2015 vintages of Masseto and Sassicaia also rose in August.
The biggest riser from Italy was Giacomo Conterno Barolo Riserva Monfortino 2010, up 4.5%.
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