As regular readers of our Monthly Market Reports will know, each month we publish the share of trade each fine wine region enjoyed on the Liv-ex Fine Wine Exchange. With the final 2008 numbers now in, we thought we'd share the full year averages for the last three years with you (calculated by percentage of total value traded).
As you can see from the table above, Bordeaux continues to dominate, although Burgundy and Champagne are certainly showing growth. When you factor in that turnover on Liv-ex in 2008 was 80% up on 2007 (and 2007 was 40% up on 2006) then it is clear that actual trade in the two regions has increased dramatically. Slightly disappointing is the drop in share of the Rhone, although with the strong 2006 and 2007 vintages now coming to market perhaps 2009 will see a turnaround.
In the forthcoming January Liv-ex Fine Wine Market Report, we are taking an in depth look at the auction market in 2008. So how does it compare with the Liv-ex Fine Wine Exchange, in terms of each region's share of value? Interestingly, the auction market is extremely similar, with the only real difference the respective shares of Bordeaux and Burgundy. The former still dominates with 65% of trade, but Burgundy (boosted by extremely high value lots of DRC) picks up a far higher proportion of trade at auction, 23%, than it does on Liv-ex. Champagne takes 3% of the value, with the others all at below 2% each.
