The Cellar Watch February Market Report has been released.
Containing all the latest Liv-ex research and analysis, the full issue includes:
- Market on the move
- Neal Martin on Bordeaux 1986
- Mixed monthly movers
- Fine wine risk vs. return
- Final thought: Bordeaux 2014
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:
Market on the move
Trade by both value and volume was up this month. A number of wines traded at all-time highs, including 100-point Pavie 2009 and 95-point Pichon Baron 2008. As the trade continue to show high levels of engagement, the number of active markets—wines with both a bid and offer on the Exchange— increased to 6,232 from 5,597. Most of the Liv-ex indices were firmer this month.
Bordeaux slows
Bordeaux got off to a slow start this year with the region accounting for just 61.6% of trade by value compared to its 74.7% average in 2016. Instead, the spotlight this month was on Burgundy which took a solid 18.4%, well above its 7.9% average in 2016. Italy accounted for 6.0%, the Rhone 2.5% and the USA 2.6% with Screaming Eagle and Dominus taking the lion’s share.
Lafite leads
Bordeaux 2014 saw good activity in January: it was the second most traded Bordeaux year after the great 2009 and ahead of 2010. Overall, Lafite Rothschild (10.8%) was the most traded wine by value. Mouton Rothschild (5.4%) and Burgundy’s Ponsot Clos Roche Vv (4.2%) also saw high levels of activity last month.
Indices push higher
The Liv-ex 1000 gained 0.5% in January with all of the sub-indices rising apart from the Bordeaux Legends 50 (-0.9%). The strongest performers among the sub-indices were the Italy 100 and Champagne 50 which saw renewed strength after posting small declines the previous month.
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