The Liv-ex January Market Report has been released.
Containing all the latest Liv-ex research and analysis, the full issue includes:
- A daunting December
- Major Market Movers: a classic collection
- Chart of the month: Italy 100 – Super Tuscans
- Critical corner: Jeb Dunnuck’s top 100 red wines of 2019
- Final thought: The fine wine market in 2019
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 email@example.com to discuss package options.
You can download page one – with charts and data – here, or read the text below:
A daunting December
After a busy November, December trade slowed. Beyond the usual seasonal factors, the month was weighed upon by general concern around the proposed 100% US tariffs on EU wines. A decision is expected this month. Despite this, value traded was still up 18.5% compared to this time last year.
Bordeaux’s share fell from 52.9% to 48.8% while Burgundy’s rose from 13.5% to 22.9%, with white Burgundy accounting for 32% of the region’s activity. Italy (10.5%), Champagne (10.2%), USA (3.4%), and the Rest of the World (4.4%), all lost share. Top Bordeaux’s vintages – 2016, 2015, and 2009 – led the way with Mission Haut Brion 2009 the most traded wine by value.
The Liv-ex 1000 index fell 0.65% in December to close the year at 348.13, down 4.4% from its peak in November 2018. Among the sub-indices, the Champagne 50 and Italy 100 rose, closing the year as the two best performers, up 2.2% and 4.7% respectively.
December capped off a year of increasing exposure. The month averaged £61.5m in daily exposure, spurred by a record number of wines on offer.