Liv-Ex Fine Wine 50 Index Rises for Second Straight Month
Read more at http://www.bloomberg.com/news/articles/2016-01-31/liv-ex-fine-wine-50-index-rises-for-second-straight-month
The Liv-ex Fine Wine 50 Index of leading Bordeaux wines climbed in January for the second straight month, marking its first back-to-back monthly gains since June and erasing the declines of October and November.
The index rose to 269.17 on Jan. 29, up 1.6 percent since the start of this month and following a 1.2 percent gain in December, data on the London-based exchange’s website showed. That followed drops of 1.6 percent in November and 1.2 percent in October.
The rally comes after five years of declines in the index. The benchmark, which comprises 10 recent vintages from each of the top five left-bank Bordeaux first-growth estates, has dropped 40 percent since its peak as demand switched toward other regions such as Burgundy, Italy and California.
