November proved to be an extremely active month, setting a new high for the year in terms of value and volumes traded. The increase in activity was spread among a number of regions but Burgundy was the star – the region took its highest monthly percentage of trade by value for 2020 (23.3%).
Activity was fueled, in part, by increased LIVE exposure – a measure of liquidity – that extended beyond £80m for the first time. This meant the broadening of trade continued apace. The number of distinct wines traded (LWIN11), which has risen continuously since May at a rate of 7.0% per month, reached past 2,100 in November.
Prices also continued their rise. The Liv-ex 100 closed at 316.63, an increase of 0.84% on October. After a difficult first half of 2020, wine prices have risen for the past six months, and the Liv-ex 100 is now at its highest point since the Autumn of 2011.
Italy featured heavily in the top movers of month, with wines from region increasing an average of 2.0%. Giacomo Conterno Barolo Riserva Monfortino 2010 saw the greatest movement, up 6.6%. It was followed by two Super Tuscans, Tiganello 2015 and Solaia 2015, up 5.9% and 4.5% respectively.