The Liv-ex November Market Report has been released.
Containing all the latest Liv-ex research and analysis, the full issue includes:
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- Exposure reaches record levels
- Mouton Rothschild – most active First Growth
- Major market movers – Burgundy and Port
- Jane Anson on Bordeaux 2000 vs 2001
- Final thought: The Rhone’s hidden value
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:
October heights
Activity picked up in October—the total value of wines traded was up 18.7% on September. This marked the second most active month of the year. Exposure also reached record levels in October. The total value of bids and offers on Liv-ex surpassed £50million for the first time as the offer side continued to build, perhaps reflecting the uncertainty evident in mainstream markets.
Bordeaux recovers after all-time lows
Last month, Bordeaux’s trade share hit a record low of 56.4%. This month, it recovered to 62.4%, helped by improved First Growth activity, which marked recent highs. Within the Liv-ex 1000, Champagne also thrived (+12.5%), while all other regions pulled back. Cristal 2009 and Dom Perignon 2002 were among the most active wines.
Mouton Rothschild heads First Growth activity
The most active Bordeaux vintages this month were 2010, 2009 and 2005. The newly physical 2016 represented 4.2% of the Bordeaux trade, facilitated by critics in-bottle scores. First Growth activity rose on last month, helped by Mouton Rothschild, which accounted for a third of all First Growth trading. Its 2001 vintage reached an all-time high of £4,500 per 12×75 this month.
Liv-ex indices dip
Most of the Liv-ex indices dipped in October. The Liv-ex 100 fell 0.7%. The broader Liv-ex 1000 lost 0.6%, which marked the fifth time the index has pulled back in the last three years. Within it, only the Burgundy 150 rose (+1.3%). Outside the index, the California 50 gained 3% to close on 310.1. The newly launched Port 50 Index closed on 156.7.
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