The Liv-ex November Market Report has been published exclusively for members on our Silver tier package or higher. The following is an extract.
Record value of trade
October saw the highest value of trade in a single month since July 2011. Trade by value was up 17.6% on September and 31.1% on this time last year, while volumes traded fell 1.2%. Due to increased adoption of trading automation, weekend trades also reached an all-time high this month. Activity was centred around the same number of wines as September.
The recently released Taittinger Comtes Champagne 2008 was the most active wine by value, followed by DRC Romanee Conti 2006 and Giacomo Conterno Barolo Riserva Monfortino 2014. Spotswood Cabernet Sauvignon 2017 and Promontory 2013 from the US were also in the mix.
The USA market share hit an all-time high in October, taking 10.8% of the total trade by value. For a third consecutive month, Bordeaux’s share held under 40% (at 36.2%), with Burgundy taking 19.6%. Trade shares for Italy and the Rhone dipped to 14.9% and 4% respectively, while Champagne improved slightly, from 8.9% to 9.3%. The Rest of the World took 5.2%, led by Australia (1.9%), Spain (1.1%) and Germany (0.7%). A larger range of Scottish single malts were also active on the exchange. In 2020, trades for whisky have more than doubled compared to 2019, with a corresponding rise in the number of buyers.
The month was also positive for the Liv-ex indices. Prices of physical Bordeaux increased in October which, with the help of the Rhone and Champagne, pushed the Liv-ex 100 upwards 1.16% for the month. The Liv-ex 1000 index rose 0.29%. The Rest of the World 60 was the biggest riser (0.93%).
The full report contains additional Liv-ex research and analysis:
- Major market movers: DRC – the price of performance
- Chart of the month: Tignanello 2016 – large format premium
- Critical corner: Jancis Robinson Bordeaux 2018 Part 1 and 2
- Final thought: The growing market for US wines
Liv-ex members on our Silver tier package or higher can download the full report here.
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