The effects of Brexit and increased tariffs on EU wines were thrown into the mix this January. And how did the Fine Wine market react? With a robust determination.
Despite many merchants giving focus to the allocation of the much-admired 2019 Burgundy vintage, the broadening of the market observed throughout 2020 continued into the New Year. The number of individual labels traded (LWIN7s) rose to 1,209, an increase of 78.8% year over year. LWIN11s, which include vintage, climbed above 2,000 for the fourth time in the last five months.
And despite the challenges presented, the Liv-ex 100 got off to a positive start to 2021, rising 0.59% to close at 320.88. This is the 8th consecutive month of gains for the index and puts it up 6.3% over the past year. The index now sits at its highest point since September 2011.
The top movers of the month were a diverse bunch. Italy’s Bartolo Mascarello Barolo 2014 led performance up 8.7%. It was then followed by Burgundy’s Domaine Leflaive Chevalier Montrachet 2016, Bordeaux’s Mouton Rothschild 2000, and the United States’ Opus One 2015, up 6.7%, 5.7%, and 5.3%, respectively.