Loading market pulse…
FatNarwhal · Alternative markets · Wine

Fine wine

A market of a few thousand serious participants, priced in cases of twelve, settled in bonded warehouses, and quoted almost entirely gross of cost. It has had a boom and a twenty-four percent correction inside four years and almost nobody outside the trade noticed either.

Where the market is

Liv-ex Fine Wine 100

319.86

2026-02-28

Peak

419.52

2022-12-31

Drawdown

-23.8%

Points

3 published · 3 derived

Base 100 = July 2001. Sparse by design: only levels Liv-ex or the trade press actually printed, plus points derived from a published level and a published percentage. The provenance of every point is in the table below.

The Liv-ex family
IndexLatest levelAs of20252026 YTDProvenance

Liv-ex Fine Wine 100

The industry benchmark: 100 of the most sought-after wines on the secondary market, weighted by production. Base 100 = July 2001.

319.862026-02-28-2.5%+0.6%3p / 3d

Liv-ex Fine Wine 1000

The broadest measure of the market: seven regional sub-indices covering 1,000 wines. Where the 100 is Bordeaux-heavy, the 1000 is where Burgundy, Champagne and Italy show up.

368.362024-11-30-4.5%+0.4%3p / 0d

Liv-ex Bordeaux 500

The 500 most-traded Bordeaux, across ten sub-indices. The worst-performing major index of H1 2025.

——-6.7%+0.5%returns only

Liv-ex Burgundy 150

Fifty producers, three vintages each. The steepest boom of the 2020-22 run and a long give-back since.

——-4.8%+0.2%returns only

Liv-ex Champagne 50

The most recent vintages of the twelve most active Champagnes. The strongest sub-index of early 2026.

——-4.2%+1.4%returns only

Liv-ex Italy 100

Ten vintages each of the Super Tuscans, Sassicaia, Masseto and Barolo. The least-bad major index of 2025.

376.832023-12-31-1.7%+0.7%1p / 0d

Liv-ex Rhone 100

The only major Liv-ex index to finish 2025 in the black, and only just.

——+0.2%-0.2%returns only

Liv-ex Bordeaux Legends 40

Forty older, benchmark Bordeaux vintages. Held up better than the Bordeaux 500 through the correction.

410.722023-12-31—+0.5%1p / 0d

An index with no seeded levels still has published annual returns. We show what exists rather than back-filling a level we cannot cite.

What moved

An index down two and a half percent on the year contains a Barolo up sixty-two. Anyone given only the index number has been told the least interesting half of the story.

WineMovePeriodSource
Barolo Le Rocche del Falletto Riserva 2014+62.5%2025WineNews (reporting Liv-ex)
Barolo Monfortino Riserva 2005+21.0%Dec 2025 - Feb 2026Vinetur (reporting Liv-ex)
Promontory Napa Valley 2018+15.2%2026 YTD (to Feb)Vinetur (reporting Liv-ex)
Barolo Falletto Vigna Le Rocche Riserva 2016+14.3%2026 YTD (to Feb)Vinetur (reporting Liv-ex)
Case Basse Sangiovese 2020+12.0%2026 YTD (to Feb)Vinetur (reporting Liv-ex)
Montevertine (brand average)+8.5%2025WineNews (reporting Liv-ex)
Masseto 2022+7.8%2026 YTD (to Feb)Vinetur (reporting Liv-ex)
Solaia 2021+6.3%2026 YTD (to Feb)Vinetur (reporting Liv-ex)