The index, which charts the 100 top performing labels in the fine wine world, dipped 1.46% in March having suffered dips every month for a year, which Liv-ex called, “an unprecedented number of consecutive falls in the index’s history,” on its blog.

If this trend continues, the index will be back to levels last seen in late 2009.

Echoing the strong performance in the Fine wine 1000, the month’s top performing wine was Ornellaia’s 2009 which went up 8.5% to ￡1,160 a case.

Following close behind with a 6.2% lift to ￡1,025 a case was Léoville Poyferré 2003, which, as Liv-ex pointed out, is the cheapest Bordeaux wine on the entire index.

Hut-Brion 2010, Armand Rousseau’s 2009 Clos St Jacques and 2001 Pétrus were also leading labels in March.

The biggest fallers were Haut-Brion 2008, Lafite 2008, Pontet-Canet’s 2009 and 2010 and Yquem 2007 led the drop down 10.7%.

The fall of the first growth 2008s and Yquem is not surprising. Having been one of the buyers’ favourite vintages a few years ago, Liv-ex recently pointed out that 2008 has become one of the worst performers of late and the fall of Haut-Brion and Lafite’s offerings is testament to that.

By the same measure, all of Yquem’s vintages post 2005 have been underperforming as prices have jumped dramatically and become more expensive than older wines.

But to see Pontet-Canet with two entries in the month’s worst performers is surprising.

In January the 2009 was one of the best performers and went up 5.2% to ￡1,525 a case, while the 2010 rose 4.2% in February to hit ￡1,406 a case.

However, March has seen all gains erased as the 2009 dropped 6.6% to ￡1,452 a case and the 2010 slumped a huge 9% to ￡1,280.

Liv-ex pondered if this had anything to do with the chateau’s decision to release, not only early, but at the same price as the 2012s.