The Cellar Watch December Market Report has been released.
Containing all the latest Liv-ex research and analysis, the full issue includes:
- November gains
- Liv-ex 100 – at its highest level in five years
- Rhone 2015: Jancis vs. Jeb
- Italian strength
- Final thought: Sauternes
To access the full report, please log in or subscribe to Cellar Watch.
You can download page one – with charts and data – here, or read the text below:
November gains
Trade this month was down on October by both value and volume, but still high compared to 2015. The pace of the market appears to be slowing slightly and there seems to be no set pattern in movers. Overall the market strength appears robust, (market is up despite Sterling strength) but as we head towards 2017, it remains to be seen whether the long period of sustained rises will continue.
Lafite leads
Lafite Rothschild was the most traded wine this month. It accounted for 9.5% of market activity followed by Carruades Lafite (8.2%) and Mouton Rothschild (7.0%). 2013, 2010 and 2014 were the most traded vintages. 2009 and 2012 were also active. Carruades Lafite 2014 saw high levels of trade activity by both value and volume, as the stock became physically available.
Italian strength
After a quiet October for the region, activity for Italy picked up in November: it accounted for 8.7% of trade by value compared to 3.9% the previous month. Leading the charge were Sassicaia, it’s second wine Guidalberto and Altesino, Brunello Montalcino. Trade for Burgundy took a steady 7.5%, while Bordeaux dipped slightly this month from 76.2% to 73.1%.
Index records
November was another strong month for the Liv-ex indices. The Liv-ex 1000 has now reached record highs for four consecutive months, closing at 296.6. The Champagne 50 and the Burgundy 150 were the biggest movers of the sub-indices, up 3.9% and 2.5% respectively. The Liv-ex 100 increased for the twelfth consecutive month, closing at 296.1. It is currently at its highest level in five years.
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