Tuesday, 24 January 2017

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Wine Index

The Liv-ex 100 Fine Wine Index© is the industry's leading benchmark.

It represents the price movement of 100 of the most sought-after fine wines for which there is a strong secondary market and is calculated monthly.

The majority of the index consists of Bordeaux wines - a reflection of the overall market - although wines from Burgundy, the Rhone, Champagne and Italy are also included.

The index is calculated using Liv-ex Mid Prices and is then weighted to account for original production levels and increasing scarcity as the wine ages.

As such, the index is designed to give each wine a weighting that corresponds with its impact on the overall market.

The value of the index as of 30th April 2010 was 281.21, a rise of 6.1% on the previous month. The index is up 31.8% year-on-year and 18.6% year-to-date.

Liv-Ex

How the Index is calculated:

In order to qualify for the index, wines must have attracted critical acclaim from a leading critic (a 95-point score or above) and attract a regular market on Liv-ex. They must also be physically available in the UK market, so recent vintages that are only trading on an En Primeur basis are ineligible. The wines included in the index are reviewed on a quarterly basis by committee.

The Liv-ex 100 is calculated using the Liv-ex Mid Price for each component wine. The Mid Price is the most robust measure for pricing wines available in the market and is calculated by finding the mid point between the current highest bid price and lowest offer price on the Liv-ex trading platform. Each price is then verified by our valuation committee to ensure that the number is robust after taking into account all data at our disposal, including merchant offer prices and historical Liv-ex transaction prices.

The Liv-ex Mid Price for each wine is then multiplied by the wine's average production level - such as 20,000 nine litre cases - with this figure gradually reduced as the wine ages. When the wine reaches 25-years from vintage it is removed from the index as available volumes are too low to attract a strong secondary market.

  Index Value
July 2001 93.12
August 2001 94.34
September 2001 93.90
October 2001 94.16
November 2001 94.39
December 2001 94.39
January 2002 94.96
February 2002 96.58
March 2002 98.96
April 2002 97.24
May 2002 100.03
June 2002 101.23
July 2002 102.01
August 2002 101.35
September 2002 97.56
October 2002 97.80
November 2002 96.02
December 2002 98.51
January 2003 92.54
February 2003 91.92
March 2003 94.95
April 2003 95.61
May 2003 96.79
June 2003 96.77
July 2003 97.96
August 2003 98.21
September 2003 96.75
October 2003 97.95
November 2003 97.92
December 2003 99.60
January 2004 100.00
February 2004 99.63
March 2004 99.21
April 2004 98.00
May 2004 97.62
June 2004 99.41
July 2004 97.16
August 2004 96.72
September 2004 96.57
October 2004 96.63
November 2004 96.07
December 2004 97.47
January 2005 97.47
February 2005 98.50
March 2005 99.52
April 2005 100.12
May 2005 100.98
June 2005 100.66
July 2005 101.77
August 2005 105.02
September 2005 105.69
October 2005 111.63
November 2005 113.92
December 2005 114.83
January 2006 117.57
February 2006 121.74
March 2006 126.62
April 2006 131.92
May 2006 140.57
June 2006 153.94
July 2006 160.96
August 2006 163.23
September 2006 160.65
October 2006 164.45
November 2006 167.33
December 2006 171.23
January 2007 174.69
February 2007 179.86
March 2007 189.77
April 2007 207.32
May 2007 231.06
June 2007 243.50
July 2007 247.80
August 2007 245.18
September 2007 241.77
October 2007 239.27
November 2007 237.87
December 2007 239.84
January 2008 240.59
February 2008 246.82
March 2008 253.72
April 2008 257.57
May 2008 258.41
June 2008 264.14
July 2008 262.63
August 2008 262.71
September 2008 253.00
October 2008 213.94
November 2008 209.48
December 2008 204.92
January 2009 207.42
February 2009 210.16
March 2009 207.65
April 2009 213.32
May 2009 214.04
June 2009 214.23
July 2009 215.58
August 2009 225.45
September 2009 229.94
October 2009 234.25
November 2009 235.15
December 2009 237.17
January 2010 243.59
February 2010 251.03
March 2010 264.95
April 2010 281.21

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Last updated: 24 April 2014