- Dom Perignon 2008 leads weekly trade
- Liv-ex indices close July up
- The value of bid and offers breaks new record
- Automation webinars coming up
- The Liv-ex Classification 2019 released
With summer holidays in full swing, trading activity decreased slightly. Bordeaux, Italy and the Rhone’s shares of trade all dipped on last week, falling below their respective July levels.
Other regions were on the rise: Burgundy climbed again, to a recent high of 29.9%. It was helped by very active DRC and Armand Rousseau. Champagne also rose to 8.5%, and a wine from the region led the weekly trade by value. The USA improved from 0.4% to 1.8%.
Meanwhile, the value of bids and offers broke a record, surpassing £70million. The number of active markets also reached a new high of 14,000.
A contributing factor to these impressive figures is automated trading, which has enabled members to increase their stock offering at no extra cost, and outside office hours. You can sign up to our upcoming free webinars here to find out how automation can help your business too.
The most active wines this week were all French, coming from Bordeaux, Burgundy and Champagne. Moet & Chandon, Dom Perignon 2008 took the top spot, with a last trade price of £1,180 per 12×75 – below its current Market Price.
Haut Brion 2013, the least expensive First Growth of any vintage, was active once again. Its last trade price of £3,152 represents an 31.3% increase on its release.
Liv-ex indices on the rise
The Liv-ex Classification 2019
Our latest extended report, The Liv-ex Classification 2019, has now been released. The Classification is a league table which ranks the wines of the world by their average trade prices on Liv-ex. Based on the transactional activity of the world’s largest pool of fine wine merchants, it reflects the changing buying patterns of the trade today. Find out how you can claim your free copy here.