Fine wine’s fortunes begin to turn
The Liv-ex Fine Wine 100 continued to see some positive progress in August, ending the month 0.7% up on its July finish.
After a poor start to the year with nearly six months of straight – if small – declines, the benchmark index has firmed up a little over the summer with three months of slight gains over June, July and August.
It was a good month for Burgundy, with Coche Dury’s 2016 Meursault leading the way up 11% to £4,848 a case.
Domaine Leroy’s 2015 Clos Vougeot and Domaine Leflaive’s 2016 Chevalier Montrachet saw gains of 9% and 6% respectively.
The 2009 vintage of Dom Pérignon and Giacomo Conterno’s 2010 Barolo Riserva Monfortino, fleshed out the rest of the top five.
The biggest fallers were a mix of Rhône, Burgundy and Bordeaux labels. Armand Rousseau’s 2015 Chambertin was the month’s biggest loser, down 7%. It’s a label that has been oscillating up and down for a few months now.
Domaine Leroy’s 2015 Vosne-Romanée Beaumonts was down 5% alongside Haut-Bailly and Palmer’s 2009 vintages and Domaine Jean Louis Chave’s 2015 Hermitage declined 4%.