Welcome to the July 2018 Liv-ex newsletter
Continued dollar strength influenced the market in June, nudging all of Liv-ex’s indices upwards. The Liv-ex 1000 led the way with a gain of 1.4%, while the Liv-ex 100 experienced its sharpest rise since November 2017. Price reductions for this year’s En Primeur campaign were greater than expected, but still not enough in many cases, as our Bordeaux 2017 report (below) highlights.
Special report: Bordeaux 2017 – A risky strategy
We published a concluding report on this year’s En Primeur campaign in June. In the report we consider, merchant sales this year, which wines worked, and which have been left unsold. The report also addresses the build-up of wine in Bordeaux and the increasing tension between the primary and secondary markets. To download the report, click here.
Buying opportunities based on your activity
The wines displayed under the Your Markets tab on our mobile (beta) website are now based on your activity. The table on the left-hand side of this page will now show you a personalised selection of buying opportunities that we think you might be interested in. The opportunities will update hourly as your activity and the market changes, offering you a constant source of buying ideas. To see wines relevant to you click here, or for more information, click here.
Liv-ex interview with Antonio Galloni
Last month we published an interview with CEO and founder of Vinous, Antonio Galloni. In the interview, he discusses his impressions on the Bordeaux 2017 vintage, his role at Vinous and his recent hire of Neal Martin. To read both parts of the interview, click here.
No disruption to Liv-ex services over summer
While many businesses have been slowing down for summer, there will be no disruption to Liv-ex collection or delivery services. Weekly collections across Europe will take place in temperature controlled trucks, ensuring that your wine remains cool, whatever the temperature. For more information, please contact your Account Manager.
Liv-ex Team
With a number of exciting projects on the horizon, including our new beta trading platform, we will continue to invest in our data and technology. This month, serveral new members have been welcomed to the team:
- Hamish Hull is the newest member of the Data Team at Liv-ex. In his role as Data Analyst, Hamish will be analysing trade data to help inform new product developments.
- Daria Ershova has also joined the Data Team as a Data Content Administrator. Daria has returned, having previously completed an internship with Liv-ex last summer. She will be responsible for developing the LWIN dictionary.
- Amit Patel has joined the team of accountants at Liv-ex. In his role as Management Accountant, Amit will be responsible for overseeing Liv-ex’s finances, as well as the day-to-day accounting and management reporting.
Liv-ex in the news
A number of publications reported on this year’s En Primeur campaign, including the drinks business, Decanter and Barrons. Bloomberg and Harpers also covered our recent Bordeaux 2017 closing report. Both publications highlighted that the pricing of this year’s campaign has caused a backlog of wine stocks and little to no value for the trade.
You can find the top fine wine market news stories on our press page, here.
Thank you for reading
We hope that you’ve found this edition useful. As always, you can keep up to date with developments as they happen by visiting the Liv-ex noticeboard. If you have any feedback or questions on this newsletter, please email [email protected] or call +44 (0)20 7062 8788.
