The Liv-ex September Market Report has been released.
Containing all the latest Liv-ex research and analysis, the full issue includes:
- Weaker pound revives August trade
- Cristal 2008 leads year-to-date trade
- Major market movers – Old Bordeaux
- Jeb Dunnuck on Southern Rhone 2016
- Final thought: Value for money? Regional Roundup
How to access the full report
If you’re a private collector, please log in or subscribe to Cellar Watch. If you’re a fine wine merchant or a member of Liv-ex, please contact your Account Manager or email [email protected] to discuss package options.
You can download page one – with charts and data – here, or read the text below:
Weaker pound revives August trade
As expected, the summer lull quelled trade during the first half of August. However, as further Brexit uncertainty knocked sterling against the dollar and the euro, returning traders found lots of interesting deals to kick-start the month.
Still, Bordeaux’s trade share fell for the third month in a row, dropping slightly from 57.5% to 57.3%. Thanks to currency effect, prices rose gently and the First Growths increased their overall contribution to 20.3% of trade. Petrus 2009, Carruades Lafite 2016 and Margaux 2015 all proved popular.
Rhone’s market share received a boost thanks to Jeb Dunnuck releasing his updated scores for the Southern Rhone 2016 vintage. He awarded 100 points to 14 wines in total, including one of this month’s most active wines Clos Papes, Chateauneuf du Pape 2016.
The USA also increased trade share with heavy activity of Opus One 2014 in anticipation of the release of the 2015 vintage in the first week of September.
With assistance from a weaker pound, all of Liv-ex’s indices rose. The Liv-ex 50 breached the important 360 barrier to hit a new six and a half year high. The Liv-ex 100 gained 0.5%, to negate last month’s fall. Meanwhile, the broadest measure of the market, the Liv-ex 1000, once again led the way with a rise of 0.8% as all of its sub-indices rose apart from the Italy 100.
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