Containing all the latest Liv-ex research and analysis, the full issue includes:
- Champagne trade share at all time high
- Major Market Movers: The Rhone continues to rally
- Chart of the month: Burgundy’s downward trend
- Critical corner: Antonio Galloni on DRC Montrachet
- Final thought: Bordeaux 2018 – a perplexing vintage
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:
Champagne trade share at all time high
Trade was down by both value and volume in June as the market remained distracted by the 2018 En Primeur campaign. Solace, however, could be found in Champagne, as the region’s trade share hit an all-time high this month. It accounted for 19.3% of trade, well-above its monthly average of 8.6%. Louis Roederer Cristal 2006 and Salon Le Mesnil 2002 were particularly active. Champagne’s previous trade share peak was in July last year (13.6%).
Within Bordeaux, the 2010 vintage was the most active, followed by 2016. Lafite Rothschild 2016 was the most traded wine from the region overall, with Petrus 2010 in second place. The latter last traded at an all-time high of £33,696 per 12×75, a 40% increase on its release price of £23,900.
Both the Liv-ex 100 and Liv-ex 1000 rose in June for the first time this year. Within the Liv-ex 1000 index, all the sub-indices closed June in positive territory apart from the Rest of the World 50 (-0.58%). The Burgundy 150 crept up 0.46% – but remains 6% off its 2018 close. Our Chart of the Month on page two explores the performance of this sub-index in more depth.
Next month, we will be updating the components of the Liv-ex 100 and the Bordeaux 500 sub-index of the Liv-ex 1000. This is to better reflect changing market developments, particularly the increasingly diverse range of wines trading.