- Sassicaia 2016 pushes Italian trade up
- Automated trades are rising rapidly
- Liv-ex August Market Report released
This week’s trade dipped by both value and volume. Bordeaux’s share rose to 52.5%, while Burgundy’s fell to a still strong 20.1%. The Liv-ex 50, which tracks the price performance of the First Growths, was up 0.3% on last week’s close.
Italy was very active this week – its share more than doubled from 6.6% to 13.6%. This jump was largely due to heavy trading of Sassicaia 2016, “a wine of soaring achievement” according to The Wine Advocate’s Monica Larner.
Prices for Sassicaia 2016 have almost doubled since February. Its last trade price of £2,336 per 12×75 represents an increase of 84% on its release (£1,270).
The second-most active wine this week came from Burgundy – Auvenay, Bonnes Mares 2001 last sold for £30,000 per case. Domaine Ponsot, Clos Roche Vv 2016, whose price fell in July, also featured in the top five.
Automated trades are rising rapidly
In the last quarter, one in 20 transactions on Liv-ex were automated. This can be done in two ways: either a merchant can offer wine on Liv-ex automatically from their stock management system, or they can offer stock from Liv-ex on to their customers directly. Automated trading is particularly effective outside normal working hours, when stock can continue to be traded. Join our webinars to find out more.
Liv-ex August Market Report released
The Liv-ex August Market Report has been published. Containing all the latest Liv-ex research and analysis, the full issue includes Neal Martin’s thoughts on Bordeaux 2015 in bottle, the rise of Tignanello and a final thought on “Regional buying – at what cost?”. Find out how you can access the full report here.