A steady December

By January 8, 2021Bronze, Fine Wine Market

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

A steady December

December saw a strong finish to an extraordinary year. Trade value and volumes were up 60% on 2019, as members committed stock (and bids) to the market – £80m of LIVE opportunities in total. Trade automation kept the pipeline open, contributing greatly to the traditionally slower holiday period.

In a Liv-ex first, a whisky was the most active tipple by value in the month – Macallan, Speyside Highland Single Malt Genesis Lalique 72YO. It was followed closely by Wine Spectator’s Wine of the Year, Marques de Murrieta, Castillo Ygay Gran Reserva Especial Rioja 2010. The market’s reaction to the announcement can be seen in Chart 1.

Bordeaux market share remained under 40%, marking the fifth month of the past six that it has been under this threshold. Burgundy made up 19.9% of trade. Trade share for Italy and Champagne drifted slightly to 13.8% and 8.2%, respectively. The Rhone and Rest of the World both made gains. United States market share reached 8.8%, its second highest all-time.

Liv-ex indices continued their rally in the back half of the year. Both the Liv-ex 100 and Liv-ex 1000 posted gains in the month, up 0.75% and 0.71% respectively – both closed in positive territory for the year.

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

  • Major market movers: the 2007 vintage  
  • Chart of the month: Wine Spectator’s wine of the year
  • Critical corner: the top ranked wines of 2020 by trade media 
  • In the news: Burgundy En Primeur and the Hospices de Beaune auction
  • Final thought: Regional trade in 2020

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

Click here to join or upgrade your package.