Prices remained stable in May. The Liv-ex indices ran flat, with the Liv-ex Fine Wine 100 and Liv-ex Fine Wine 50 showing falls of 0.3% and 0.03% respectively. The Liv-ex 100 ended the month on 275.44 and the Liv-ex 50 on 318.48.
An ill-judged Bordeaux 2012 release meant that the vintage saw muted trade on the secondary market. Buyers reacted by selling high value wines from exceptional vintages: pressure frequently fell on the newly physical 2010s, which accounted for 27% of all Bordeaux trade by value.
Interestingly, Yquem (LWIN 1017757) – which did not release a 2012 vintage – was at the top of the Liv-ex 100 movers’ table, with its 2007 gaining 8.3%.
May levels for all Liv-ex indices can be viewed here.