The Cellar Watch August Market Report has been released.
Containing all the latest Liv-ex research and analysis, the full issue includes:
- Strong momentum
- Record month for “Others”
- Bordeaux quality in focus
- Keep on rising
- Final thought: The Rhone, A North-South divide
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You can download page one – with charts and data – here, or read the text below:
Strong momentum
It has been a strong month for the fine wine market. The Exchange remained active with exposure — the total value of firm bids and offers — reaching a new record level. The number of active markets also struck a new record. A number of wines have also hit record highs.
Record month for “others”
It was a record month for the “Others” category at 8.2% of trade by value. Bordeaux was lower at 69.5% while Burgundy took 8.4%. Champagne took 6.6% and Italy took 4.4%. The Rhone equalled its 2016 record at 2.9%.
Bordeaux quality in focus
The “great” 2005, 2009 and 2010 Bordeaux were the most traded vintages in July followed by the 2008 and 2012s. Of the 2012s, Margaux hit a fresh high of £3,240 and represented 8.6% of all 2012 trade, with Mouton Rothschild 2012 and Haut Brion 2012 close behind at 8.3% and 7.6% respectively.
Keep on rising
All of the major Liv-ex indices continued to firm in July. The Liv-ex 50 gained the most — up 5.4% — while the Liv-ex 100 increased 3.6% and the Liv-ex 1000 moved up 3.4%. The Liv-ex 100 has now increased for eight consecutive months. The Bordeaux 500 was up 3.8%.
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