The secondary fine wine market, closely monitored by the Liv-Ex platform, is showing small but encouraging signs of stabilization.
Acting as a key gauge for the performance of the world’s most collectible wines, Liv-Ex reports that after several consecutive months of decline, November 2025 data consolidates the slight upward trend first observed in September.
Looking at the indices, the Liv-Ex 100, which includes some of Italy’s most sought-after wines—such as Bartolo Mascarello’s Barolo 2019, Bruno Giacosa’s Barolo Falletto Vigna Le Rocche Riserva 2017, Giacomo Conterno’s Barolo Monfortino Riserva 2014 and 2015, Biondi-Santi’s Brunello di Montalcino Riserva 2016, and marquee labels like Sassicaia, Solaia, Tignanello, Ornellaia, and Masseto—has narrowed its negative performance since the beginning of the year to -2.8%.
The broader Liv-Ex 1000 index increased by 0.4% month-on-month, reducing its deficit for 2025 to -4.5%. This recovery is mainly driven by the Burgundy 150, which gained 1.1% in November, bringing its year-to-date deficit to -4.4%. Meanwhile, the Italy 100 index remained largely unchanged, recording a -0.1% month-on-month and -1.8% since the start of 2025.
Among individual wines, Italian labels stand out: in the Liv-Ex 100, Ornellaia 2021 and Tignanello 2020 are the only Italian wines in the top 10 performers. In the Liv-Ex 1000, the Barolo Falletto Vigna Le Rocche Riserva by Bruno Giacosa leads with an impressive +59.7% year-to-date growth, joined by Soldera Case Basse’s 100% Sangiovese 2018, up 23.7%.
While these gains are modest and do not signal a full market rebound, they indicate hope for stabilization in the premium wine segment. Industry observers anticipate that recovery will be gradual and uneven, but these trends offer optimism compared to the steep declines experienced in recent months.
Source: WineNews