Friday 14 May 2010

Liv-ex 100 storms to record high

Posted by Tom Jenkins, Bordeaux Buyer
With all the excitement and hysteria surrounding Bordeaux 2009, we seem to have missed something of a landmark. The Liv-ex 100 has powered its way back to an all time high at the end of March, surpassing the July 2008 figure of 264.14. April’s figures show even more positive growth closing at 281.21, a rise of 6.1% for the month, an 18.6% rise for 2010 and a staggering 31.8% increase for the year.

Although all the talk is of 2009s, there appears to be no let up in demand for older vintages of classified growth claret. And who knows, the current trend for record release prices from the Place could have a further drag effect on landed vintages...