Recent trading activity
Burgundy and Champagne have come in behind Bordeaux in terms of trade since the start of the week, accounting for 17.7% and 14.1% of trade by value respectively. Italy and the United States were in close succession, with trade shares of 10.7% and 10.2% respectively.
Many Champagne wines have been among the most active since the start of the week, including Louis Roederer Cristal 2008, Krug Grand Cuvée 170ème Edition and Dom Pérignon Rosé 2008.
How one member secured 30 cases of Cristal 6.7% below Market Price
Of all the Liv-ex 1000’s sub-indices, the Champagne 50 has suffered the second-biggest decline since the start of the year (-10.4%), behind the Rhône 100’s 16.4% fall. In July, however, the Champagne 50 recorded the smallest decline of all the LX1000 sub-indices (-0.2%).
Many buyers have been reaping the rewards of Champagne falling prices. Certain vintages of Dom Pérignon, Krug and Taittinger have recently been trading below their Market Price, providing opportunities to trade for buyers seeking advantageous prices on these big brands and sellers looking to shift their stock.
One such bidder recently secured 30 cases of Louis Roederer Cristal 2015 6.7% below the wine’s Market Price, demonstrating the benefit of placing ambitious bids that may well be matched by a seller. Likewise, this trade shows there is an appetite for Champagne wines in the market – albeit at the right price.
Louis Roederer Cristal 2015 trades on Liv-ex
There are currently 67 LIVE Cristal opportunities 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: Liv-ex 1000 once again declines by 2.1% in July
- The drinks business: French wine production ‘around five-year average’, ministry reports
- Reuters: China tips into deflation as efforts to stoke recovery falter
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.
