Recent trading activity
Looking at trading activity from Friday through to Wednesday, Burgundy surpassed Bordeaux with 27.7% of total trade by value. Bordeaux’s trade share declined, accounting for just 27.18% of the trade share.
Active wines from Burgundy included Domaine de la Romanée-Conti, Domaine Arnoux-Lachaux and Armand Rousseau while Bordeaux was led by trade in Pétrus and Château Lafite Rothschild.
Meanwhile, Tuscany maintained a steady presence, accounting for 10.9% of trade by value. This stability is largely accounted for by the active trading of wines from Tenuta San Guido and Fattoria Le Pupille.
The Rhône 100 wines trading below their Market Price
*Made using the Charting Tool
Among the sub-indices of the Liv-ex 1000, the Rhône 100 index has experienced the most significant year-to-date decrease, with a notable decline of 16.4%.
Last month, the index recorded a decline of 1.6%. Within this index, 53 of the 100 featured wines declined in value.
This downward trend has been led by trades below market value as sellers have reduced prices to clear stock, presenting an opportunity for buyers.
The table below highlights the wines that have traded below their Market Price in the last two months.
Amidst this action, there are examples of wines such as Clos des Papes, Châteauneuf-du-Pape Rouge 2016 seemingly showing resilience, where the market price increased 4.9% last month. Buyers have however continued to leverage the prevailing market conditions, securing the wine at a discount to its Market Price.
There are currently 1526 LIVE oppportunites for the Rhône on Liv-ex. Log in to the exchange to view them and trade.
In case you missed it:
Here’s what we’ve been reading:
- Liv-ex: Cristal declines 2.1% in July: Where are the opportunities?
- Bloomberg: Hong Kong Exports Fall Again, Weighing on Economy’s Outlook
- Reuters: US economy near stalling point as consumer demand weakens, survey says
Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 620+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 16,000 wines.
