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Liv-ex year review: Fine wine hits five-year high as Bordeaux gets back on top

Published:  19 December, 2016

2016 was the year that Bordeaux recovered after four years of decline and the fine wine market received a significant post-Brexit boost.

Fine wine trading platform Liv-ex has been looking back on the year, with Bordeaux leading the way in terms of market share after having flat-lined through 2015.

Analysts agreed that Bordeaux's recovery was the main driver behind the broader market recovery this year, with Burgundy following a close second.

While not good news for other areas of the market, Brexit spelled success for fine wine as the upper echelon outperformed other markets.

All of the Liv-ex indices made gains in 2016, including The Fine Wine 100 which is currently at its highest level in five years.

Liv-ex reports that the index - which is composed of wines from eight different regions - rose for an unprecedented twelve consecutive months and outperformed other global indices.

The Fine Wine 1000 - the broadest measure of the fine wine market which tracks 1,000 wines from across the globe - hit multiple all-time highs in 2016.

Bordeaux showed signs of a recovery at the end of 2015 after the fall from its 2011 peak.

This was buoyed by the weakness of Sterling in the run up to the UK referendum and Brexit was ultimately responsible for pushing prices higher.

All of the Liv-ex indices made gains in 2016.

This year has been a year of growth and change for fine wine.

The market saw the first ever trade in English wine when Nyetimber, Classic Cuvee, 2010 traded in August.

This was followed by the first ever trade for Chinese wine Ao Yun 2013 at the end of September.

Over the last year, more than 4,000 different wines traded from 670 brands a significant growth on the previous year when 3,000 wines traded from 265 brands.

Liv-ex operates a global marketplace for fine wine, offering historical and real-time price data including live bids and offers, transaction prices, merchant list prices and auction prices.