The Liv-ex June Market Report has been published exclusively for members on our Silver tier package or higher. The following is an extract.
Liv-ex members on our Silver tier package or higher can access the full report here.
To upgrade your package click here or speak to your Account Manager.
All about En Primeur?
May was marked by eager anticipation of the Bordeaux 2020 critics’ reviews and the first releases of the new vintage. The pace of the campaign has thus far been slow and steady (too slow and steady for some) with only a few big names released so far – Angélus, Cheval Blanc, Pavie, Léoville Barton and Beychevelle – some of which have reportedly enjoyed strong sales. On average, release prices have come at a small premium to the comparable 2019s (up 8.5% ex-negociant and 5.3% UK trade). Some have offered Fair Value nonetheless.
In the physical market, Bordeaux shone less brightly. Its monthly trade share by value dipped from 44.2% in April to 36.2%. Trade was led by the 2018 vintage, followed by 2009 and 2016. Lafite Rothschild, Pontet Canet and Angélus dominated by both value and volume.
Champagne trade share by value (13.2%) reached a one-year high, as vintage Champagnes, both white (75% of the market) and rosé (25%), touched on record prices. The Champagne 50 is the leading Liv-ex 1000 sub-index year on year, helping to push the broadest measure of the market to a new peak.
The Liv-ex 100 index banked its twelfth consecutive month of gains this May, rising 0.7%. The index is up 13.2% over the past year despite the many headwinds the market has faced.
The full report contains additional Liv-ex research and analysis:
- Chart of the month: Special release bottlings
- Major Market Movers: Bordeaux 2019
- In the news: La Place de Bordeaux welcomes first Sicilian wine
- Critical Corner: Bordeaux 2020 – Where the critics agree at the top
- Final Thought: The campaign so far
Our Bordeaux En Primeur 2020 page contains everything you need to know about this year’s campaign. You can also sign up for our daily En Primeur email alerts using the form below.