February was the eleventh consecutive month that the Liv-ex Fine Wine 100 index closed with a loss. It dropped 0.9% to 252.50, while the Liv-ex Fine Wine 50 fell 1.2% to 287.10. As discussed last month, typical first quarter bounces mean that it is unusual for the Liv-ex 100 to lose ground at this time of year. This was the first time in a decade that the index has declined in February.
Two Burgundy wines were top of the Liv-ex 100’s February movers, joined by two relatively affordable Left Banks from exceptional vintages, and an older Cheval Blanc, which saw good levels of trade last month.
At the other end of the table, another month of declines for the Bordeaux First Growths saw both old and recent vintages come under fire. Ausone 2009 was the month’s biggest faller, yet with a mid-price of £9,663 it remains over double the price of the 2008 – which has 98 points from Parker to the 2009’s 98+.