Fine wine defeats September market fears

The Liv-ex October Market Report has been published exclusively for members on our Silver tier package or higher. The following is an extract.

Fine wine defeats September market fears

Despite a second Covid-19 wave, growing Brexit anxiety and currency volatility, the fine market showed signs of cautious optimism in September, with rising prices and increased activity. Trade was up 22% by value and 9% by volume on the previous month. The number of transactions also surpassed August’s record level, rising by an additional 7%. There was an upsurge in European and Asian buying as foreign buyers took advantage of weak Sterling.

Bordeaux’s market share increased from an average of 34.9% to 38%. The First Growths accounted for 37.4% of the region’s trade by value. Vintages 2016, 2017 and 2009 dominated. Meanwhile, Burgundy and Champagne maintained their shares at 16.8% and 8.9% respectively. The Rhone (4.7%) and the USA (8.5%) gained ground, while Italy’s share dipped slightly (17.1%).

But in terms of price performance, Italy had a strong month. The Italy 100 was the best-performing Liv-ex 1000 sub-index, up 2.4%. The Champagne 50 followed, up 2.1%. Both the industry benchmark, Liv-ex 100 (1.4%), and the broadest measure, Liv-ex 1000 (1%), rose in September, and show positive returns year-to-date.

The full report contains additional Liv-ex research and analysis:

  • Major market movers: Tuscany and Champagne
  • Chart of the month: Liv-ex indices vs equities year-to-date
  • Critical corner: Jane Anson on Bordeaux 2005 Second Wines
  • Final thought: Sweet but serious – Sauternes and Port on the market

Liv-ex members on our Silver tier package or higher can download the full report here.

Click here to join or upgrade your package.