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May 30, 2022 View:

Fine Wine 100 Index reaches highest record in nearly 10 years

In October, the Liv-ex Fine Wine 100 Index rose by more than 1% and the month saw the second highest trading volume in almost 10 years in terms of volume.

Image from: Internet

After plunging in the first quarter of the year, the Fine Wine 100 Index has rebounded strongly since May.

After a subsequent five-month rally, the index is up 4% year to date, due in large part to an increase in broader trading.

For example, increased interest in U.S. wines in October drove wine trading in the region to an all-time high. Meanwhile, an increase in weekend autotrading led to higher volumes for wines from the Rhone Valley, Australia, Italy and Spain.

In addition, October saw a record weekend trading volume, while the number of unique (LWIN11) wines traded added to the final trade in September, setting yet another new record.

Although Bordeaux wines accounted for less than 40% of the volume traded in October, actual Bordeaux wine prices were one of the reasons why the Fine Wine 100 Index continued to rise in October.