Containing all the latest Liv-ex research and analysis, the full issue includes:
- A distracted market
- Major Market Movers: Reminiscing on…2009
- Haut Bailly 2009 – “from strength to strength”
- Bordeaux 2016 100-point wines
- Final thought: Sassicaia – contemporary Italian Renaissance
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 distracted market
As global equities continued their upward trend, the fine wine market appeared somewhat distracted. Both the Liv-ex 100 and Liv-ex 1000 finished February with small declines. Activity slowed as the trade found itself caught between a Burgundy 2017 campaign and preparations for the upcoming Bordeaux 2018. Chinese New Year holidays did little to help.
This said, a wine from a “pig” vintage, Escurac 2007, was the most traded by volume. Mouton Rothschild 2016 – which promises “good luck” when written in Chinese – was the most active Bordeaux by value. Good luck indeed, as numerous critics agreed on its perfection and the wine received five 100-point scores. Unsurprisingly, 2009 was the most active vintage accounting for 14% of the Bordeaux trade by value as ten years on tastings got into full swing. It was followed by the 2010, 2015 and 2016 at around 9% each.
Still, Bordeaux and Burgundy lost market share, down to 57.4% and 14.9% respectively. The release of Sassicaia 2016 stimulated activity for Italy, which rose from 6% to 10%. Champagne (8.1%) and the Rhone (5.5%) also improved.
In terms of price performance, all the Liv-ex 1000 sub-indices dipped, apart from the Bordeaux Legends 50 which gained 0.9%. Burgundy was the biggest faller (-3%) pulling back from its record levels set in 2018.