Containing all the latest Liv-ex research and analysis, the full issue includes:
- A not so dry January
- Gaja – back on top?
- Major market movers – a mixed bunch
- Vinous on Bordeaux 2016 in-bottle
- Final thought: Bordeaux 2016 – changing the landscape
How to access the full report
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You can download page one – with charts and data – here, or read the text below:
A not so dry January
The new year saw a major bounce for financial markets. In the fine wine world, trade increased by both value and volume. Merchants had plenty to be excited about as critics released their Bordeaux 2016 in-bottle scores and confirmed the excellent quality of the vintage. Burgundy was once again the centre of attention, with a successful 2017 En Primeur campaign unfolding in the middle of the month.
New monthly high for Burgundy
While Bordeaux held its monthly trade share at 59%, it surged to 70.8% in the last week of January. Burgundy hit a new monthly record high at 22%, with DRC trading heavily. Champagne and Italy dipped to 6%, while the Rhone and the “others” category remained somewhat flat at 3.5% and 3.3% respectively.
2016 vintages lead Bordeaux trade
Bordeaux trade was led by the critically acclaimed 2016 vintage, which accounted for 15.2%. It was followed by the 2009 and 2010, both at 11%. The most active Bordeaux wine was Cos d’Estornel 2016 (100 points NM, LPB, JS), which traded at an all-time high of £1,840 per 12×75 after Martin’s tasting report was released. Lafite was the most traded First Growth, accounting for almost half of FG trade.
Liv-ex indices run flat
The Liv-ex 100 and the Liv-ex 1000 pulled back slightly in January; the former was down by 0.02% and the latter, 0.3%. The broadest measure of the market closed 2018 up 10%, driven by the Burgundy 150—which dipped by 0.4% last month. The strongest sub-index was the Italy 100 (+0.5%), helped by solid performances from some Gaja and Giacomo Conterno wines.