The Liv-ex April 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.
After a slow start to the year, the secondary market is beginning to find its feet, albeit tentatively. Trade was up by both value and volume this month, adding to February’s improvements. The market also broadened as 2,245 different wine labels (LWIN11s) traded – the highest monthly amount year-to-date.
With the increased variety of wines trading, Bordeaux’s trade (by value) fell slightly from 38.5% last month to 36.2%. Champagne also fell slightly from 14.2% to 13.7%. Meanwhile, Burgundy and California both increased their trade shares, accounting for 22.8% and 8.7% respectively.
The industry benchmark Liv-ex 100 index rose for the second month in a row (0.2%). While the broadest measure of the market, the Liv-ex 1000 index, ran flat (0.0%).
Several of the Liv-ex 1000’s sub-indices were up this month. Although not all rose enough to recover their February losses. The Champagne 50 suffered the biggest decline, down 1.1%. It was followed by the Rest of the World 60, which fell 0.2%. The Rhone 100 was the biggest riser, up 0.3%. Later in this report, we ponder its future direction using technical analysis.
First Growth’s prices fell for the second month in a row, down 0.2%. Three vintages from Chateau Latour were among the biggest fallers. The 2010 was down 3.6%, while the 2013 and 2009 fell 3.4% and 2.7% respectively.
The full report contains additional Liv-ex research and analysis:
- The Rhone 100 was the top performer in March.
- Lisa Perrotti-Brown MW’s top-scoring Dominus vintages.
- Ornellaia and Masseto’s secondary market performance – Axel Heinz’ departure.
- Technical Analysis of the Rhone 100 index confirms a long-term bullish trend.
- Final Thought – Finding value in Pomerol.
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.
