LIV-EX - MARKET UPDATE

Liv-ex 50: 317.66 (0.14%) | Liv-ex 100: 276.83 (2.88%) | Liv-ex 1000: 281.62 (3.04%)

At the end of August, the Liv-ex bid:offer ratio touched 1.97.* This is the highest level it has been since July 2008. The total value of live bids and offers on the Exchange also hit a new record of £38.5 million. Two weeks into September the ratio slipped back to 1.48 – the same level it was a month ago.

So what’s up?

September typically gets off to a slow start as merchants return from the summer holiday period and assess the market. This year needs more consideration than most – the Liv-ex 50 has risen 10.7% post-Brexit, gains last seen during the China-led bull market. Added to this has been the distraction of a number of releases: Opus One 2013, Solaia 2013, Sena 2014, Masseto 2013 and Almaviva 2014. Throw into the mix a recovery in the Pound and you have a reason for hesitation.

The closing months of 2016 should be fascinating. * Historically, a bid:offer ratio above 0.5 tends to indicate an uptrend in the market, or at the very least acts as a sign of price stability.

Liv-ex Fine Wine 50 Index vs Bid/Offer Ratio