The Cellar Watch November Market Report has been released.
Containing all the latest Liv-ex research and analysis, the full issue includes:
- Far eastern flurry
- Carruades catches the eye
- Southern Rhone heats up
- Antonio Galloni on Pichon Lalande
- Final thought: Value for money? Regional round up
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:
Far eastern flurry
Trade lifted in October as a flurry of attractive parcels came to the market and the distractions of new releases abated. With the dollar strengthening, Asian buyers took the opportunity to stock up after a subdued Q2. Exposure continues to reach new records, touching £47.5 million earlier in the month. An encouraging sign is that exposure is growing fastest in Burgundy and Italy.
Broad spectrum of Burgundy
Bordeaux’s market share by value dropped to 68.3%, below the important 70% mark for the first time since May. Market demand for Burgundy rebounded to 11.9% thanks to high volume transactions of Maison Leroy interspersed with parcels of DRC. Italy (7.7%) jumped over Champagne (4.1%) into third place. Trade for Barolo was particularly strong.
Carruades catches the eye
It was another relatively quiet month for the First Growths, with trade share remaining around the 20% mark. Instead top vintages from Le Pin, Cheval Blanc and Petrus caught the interest of buyers. The recently physical Carruades Lafite 2015 was the most traded wine, last changing hands at £2,346 per 12×75, 86.2% higher than release.
All rise
After drifting in September all the indices rose in October. The Liv-ex 1000 – the broadest measure of the market – gained 1%. The Burgundy 150 led the charge, gaining an impressive 2.5%. The Fine Wine 50 nudged up 0.3%, the same amount as the Fine Wine 100. Expensive older Bordeaux vintages continue to remain a drag in both indices.
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