In sharp decline until November 2024, the Liv-Ex indices closed 2024 with a negative trend, recording losses that in many cases approached -10% and, in some, exceeded it. Italy defended itself better than other wine regions, but still closed the year with a decline of just under -7%. A decidedly critical picture, both for investors and for collectors of fine wines, is the one painted by the most recent data from the Liv-Ex platform, considered the point of reference for the international fine wines market.
The main index, the Liv-Ex 100, has recorded a decline of -9,1% year-on-year and an overall contraction of -21,9% over the past two years. This index includes some of the most renowned Italian wines, such as Bartolo Mascarello's 2019 Barolo, Giacomo Conterno's 2014 and 2015 Barolo Monfortino Riserva, Bruno Giacosa's 2017 Barolo Falletto Vigna Le Rocche Riserva, Biondi-Santi's 2016 Brunello di Montalcino Riserva, Gaja's 2019 Barbaresco, several vintages of Tenuta San Guido's Sassicaia (2018, 2019 and 2020), as well as Solaia, Tignanello, Redigaffi, Ornellaia and Masseto.
The situation is even more critical if we look at the Liv-Ex 1000, the broadest index covering a wider range of wines, which recorded a decline of 11,7% in 2024, bringing the overall losses to -23,7% over the last two years. Among the sub-indexes, those relating to Burgundy and Champagne wines recorded the most significant declines: the Burgundy 150 lost -15,2%, while the Champagne 50 closed at -11,7%. The Bordeaux 500 also saw a sharp decline, equal to -11,3%, and none of the other sub-indexes were spared from the negative trend.
The Italy 100, despite being the one that best contained losses, still recorded a decline of -6,8% in 2024 and -12,4% on a two-year basis. This index includes the main vintages of Barolo di Bartolo Mascarello, Barbaresco di Gaja and Barolo Monfortino Riserva di Giacomo Conterno, along with other prestigious labels such as Sassicaia, Solaia, Tignanello, Ornellaia, Masseto and Flaccianello della Pieve di Fontodi.