Containing all the latest Liv-ex research and analysis, the full issue includes:
- Monthly summary: Bordeaux or Burgundy?
- Major Market Movers: The Rhone theme
- Chart of the month: Pontet Canet – the path to success
- Critical corner – Jancis Robinson: Bordeaux 2018
- Final thought: Bordeaux 2018 – the question of value
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:
Bordeaux or Burgundy?
Contrary to expectations – with Vinexpo and En Primeur making their presence felt – secondary market activity picked up in May (+16.4%). Burgundy’s share by value reached a record monthly high, accounting for 22.6% of the total trade on Liv-ex.
While Italy also proved popular at 9.9%, Bordeaux dipped to just above 55%. Its most active vintage was the physical 2016, which both the trade and critics deemed more “consistently great” than the newly released 2018. Carruades Lafite 2016 was the most traded Bordeaux wine.
While the Liv-ex 50 and Liv-ex 100 indices finished the month at their lows, their decline was significantly smaller than that of global equities. Moreover, the broadest measure of the market – the Liv-ex 1000 – rose for the first time this year (+0.1%).
The Bordeaux Legends 50 saw the biggest increase (+0.5%); it was closely followed by the Rhone 100 and the Italy 100. The latter has consistently posted positive gains year-to-date (+1.7%). Unlike Italy, the Burgundy 150 has been declining since the beginning of the year (-6.7%).