Containing all the latest Liv-ex research and analysis, the full issue includes:
- Minor regions flourish in April
- Major market movers – Gazin and Armand Rousseau
- Parker’s power waning?
- Antonio Galloni vs Neal Martin on Bordeaux 2017
- Final thought: Bordeaux 2017 – Critic scores
How to access the full report
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You can download page one – with charts and data – here, or read the text below:
April was a slower month for trade, which fell in both volume of and value, the caveat being that average transaction value increased by 5%. A stronger euro lifted Liv-ex’s Fine Wine 50 toward the end of the month, yet the average spread remains relatively wide at 4.4%, one percent higher than the same time last year, suggesting that market appetite has diminished slightly.
Minor regions flourish
Bordeaux’s market share fell from 63.8% to 60.5% due to slower First Growth activity. Burgundy’s trade share dropped for the second consecutive month, down to 10.7%. Italy, Champagne and the USA all made gains, rising to 9.1%, 7.7% and 5.8% respectively. New releases including Dom Perignon 2009 and Screaming Eagle 2015 were the two most active wines.
Parker’s last 100
This month’s most traded Bordeaux wine was Cheval Blanc 1998. Activity for this wine has been solid for the last twelve months, ever since Robert Parker came out of retirement for the day to score the wine at 100 points in the Hedonist Gazette. In terms of overall trade, the 2015 was the most active vintage by a considerable distance. This is most likely a result of the stock recently becoming physical.
All of Liv-ex’s indices rose in April, reversing March’s losses. Toward the end of the month a stronger euro helped nudge the Fine Wine 50 up 0.4%. The Liv-ex 100 rose for the first time in five months, gaining 0.3%. The Liv-ex 1000 – the broadest measure of the market – was once again the best performer, rising 0.8%.