While the Bordeaux market has been treading water this year – the Bordeaux 500 is down 0.9% year to date as of the end of November – three sub-indices of the Liv-ex 1000 reached all-time highs in 2015.
In January, the Champagne 50 climbed to a record 276.89, although it has drifted 3.2% since then. Its trade share more than doubled on 2014: it accounts for 6.5% of activity by value in 2015 compared to 2.8% in the previous year.
The Rest of the World 50 reached its highest point in February, when it closed on 220.98. As theNovember Cellar Watch Market Report highlighted, the index has been boosted by strong performances from the USA’s Dominus and Opus One. Activity for wines from “other” regions, including the USA, Australia, Spain and others continues to increase, with the group accounting for 4.4% of trade by value this year, compared to 2.3% in 2014.
The highest level for the Burgundy 150 was recorded at the end of October, when it increased to 303.77. Unlike the other two regional groups, Burgundy’s share of trade on the market has dropped this year: it is down to 5.9% from 6.4% last year. With prices climbing, we asked: how high is too high?