The Italy 100 was the only component of the Liv-ex Fine Wine 1000 to start the year on a downward drift, declining by 0.51%. This does not take away from the fact the Italy 100 has been the second best performing sub-index over the past year, having risen 7.39%, but was there cause for pause?
Price performance did not tell the full story.
January was the single largest month of trade by value for the region, in which it saw 255 different wines change hands. Including vintage, that number was 435 – new records for both metrics. There were nearly 100 unique buyers and with critic coverage of the 2018 vintage hitting the newswires, Italy is sure to remain in the spotlight.
Last Friday, Antonio Galloni released his scores on some of Tuscany’s “most exciting upcoming releases.” He scored the new vintage similarly to 2015 and 2016, with his in-bottle scores of Masseto (98) and Sassicaia (97) both above their in-barrel ranges, (94-97) and (93-96), respectively.
While the Italy 100 drifted in the first month of the year, the region remains highly active with LIVE bid and offer activity at an all-time high (£8.5m), seen in the chart below.
The best LIVE offers of Italian wines are included below.
