The Liv-ex December Market Report has been released.
Containing all the latest Liv-ex research and analysis, the full issue includes:
- Volatility in the fine wine market
- Major Market Movers: the critical effect
- Chart of the month: Leoville Barton 2016
- Critical corner: James Suckling’s top 100 wines of Italy 2019
- Final thought: Bordeaux 2018 – a vintage comparison in light
of Neal Martin’s scores
How to access the full report
If you’re a private collector, please log in or subscribe to Cellar Watch. If you’re a fine wine merchant or a member of Liv-ex, please contact your Account Manager or email firstname.lastname@example.org to discuss package options.
You can download page one – with charts and data – here, or read the text below:
Volatility in the fine wine market
The fine wine market slowed as UK election polls pointed to a Conservative majority strengthening Sterling against the Euro. However, currency volatility remains as the election date (December 12th) nears, and with it come volatile fine wine prices. Global equities improved as trade tensions between the United States and China softened causing Gold (-2.3%) to give back some of its annual gains.
The Liv-ex 100 and Liv-ex 1000 both dipped in November. All of the Liv-ex 1000 sub-indices closed the month in negative territory, with the Rhone 100 dropping the least (-0.4%) and Burgundy the most (- 2.7%), its second consecutive month leading the declines.
Bordeaux made up 53% of total trade value, a rise from 49% in October. The focus of this increased share was on the highly rated 2009 and 2016 vintages which combined for 34% of the region’s trade value. Tariff exempt wines from Champagne and Italy saw regional trade value increase by 50.6% and 12.5% respectively over two months prior. The Rest of the World accounted for 8.8% of trade, 74% higher than its year-to-date average (5.1%). US Opus One 2016 was the top traded from the region, with Spanish Pingus 2016 and Chilean Casa Lapostolle 2015 very much in focus.