The Liv-ex November 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.
Fine wine market surpasses decade-old record
Fine wine prices rose to new highs and trading activity continued to build as the bullish market sentiment continued through October. The wine market’s benchmark, the Liv-ex Fine Wine 100, rose 2.2%, driven by strong demand for Burgundy’s top domains. The index has risen steadily over the past 17 months, marking its longest upward trend since its creation 20 years ago.
The broadest measure, Liv-ex 1000, set another record in October, up 2.1%, its eleventh consecutive month of gains. The Champagne 50 sub-index rose 7.6% fuelled by demand for the 2008 vintage, in particular the release of Krug 2008. The Bordeaux Legends 40 and the Bordeaux 500 were the slowest movers, up just 0.3%. Prices for the First Growths flat with a rise of just 0.1% in October.
Trade by value was led by Pétrus, while Châteauneuf-du-Pape’s Domaine de la Janasse led trade by volume.
By the end of October, the number of wines traded on the market had surpassed last year’s full year (record) number climbing to 10,798 (as measured by LWIN11s – wine and vintage). The diversity of trade was also reflected in the market share numbers.
Champagne took an 8.7% share of the market by value, after the release of Krug 2008 triggered strong secondary market activity across various Champagne houses. The Rhône had a strong month too, accounting for 5.1% of trade by value. Piedmont (7.1%) led Italian trade, while Tuscany took a smaller part of the market (6.3%). Burgundy accounted for 21.2% of trade by value, while Bordeaux dipped from September’s 36.9% to 35.6% in October. Its most traded vintages were 2009, 2010 and 2018.
The full report contains additional Liv-ex research and analysis:
- Jane Anson awards 100 points to four Bordeaux 2018 wines
- Soaring Burgundy prices
- Industry news
- Bordeaux 2011 – 10 years on
- Best and worst price performers
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.
