The Liv-ex Fine Wine 100 Index – the industry benchmark – closed October on 313.94, down 0.7% on the previous month.
The top movers in October came from Burgundy, the Rhone and Bordeaux. Armand Rousseau Chambertin 2015 occupied the top spot, jumping by 9.9%. It was followed by two recent vintages from the Southern Rhone: Clos des Papes 2015 and Beaucastel 2015, which rose by 4.9% and 3.9% respectively. In a recent report, Jeb Dunnuck called Beaucastel 2015 “one of the successes of the vintage”.
DRC Tache 2014 was also up by 3.6%. Cos d’Estournel 2005, which Robert Parker awarded 97 points, rose by 3%.
The biggest fallers in October were from Burgundy. Domaine Leflaive, Chevalier Montrachet 2015 was down the most (-6.7%), and Domaine Ponsot, Clos Roche Vv 2015, which was last month’s biggest faller, continued its downward trend (-6.6%). Napa Valley’s 2014 Dominus and Opus One followed behind. Krug 2004 also decreased in price by 5.6%.
In the same time, the Liv-ex 1000 Index – the broadest measure of the market – dipped 0.6% in October to close on 358.2. This is the second time the index has pulled back this year; it was also down 0.1% in March. Since the Brexit referendum in June 2016, the index has only fallen four times.
The Liv-ex 100 also dipped slightly this month (-0.7%). Despite October’s falls, both indices remain in the positive territory for the year. The Liv-ex 100 and Liv-ex 1000 are up 0.8% and 8.4% year-to-date respectively.
All of the Liv-ex 1000 sub-indices fell in October, apart from the Burgundy 150, which rose by 1.3%. Continued strong price performances from Armand Rousseau and DRC helped the index sustain its upward trend.
The Bordeaux Legends 50 was the biggest faller this month, down 1.8%.