Proof of the adaptability of the fine wine market and its players.
Having started the year with a slew of well documented headwinds, the market was soon to be confronted with the news of a global pandemic and the forced closure of much of Europe’s hospitality industry. Prices in April began to slide.
But if the year has shown us anything, it is how strong and adaptable the global fine wine market has become.
As the year draws to a close there are several numbers of note:
- £84 million in LIVE exposure (£52m in offers and £32m in bids)
- 10,000+ distinct wines changed hands (in 2019 we saw 7,333)
- 2019 Bordeaux produced the most active secondary market for En Primeur since 2012
- Liv-ex recorded its most expensive bottle ever traded (Domaine Leroy, Musigny Grand Cru 1999, £24,380)
- The Liv-ex 100 reached its highest point since the Autumn of 2011
- Trade in spirits doubled on the previous best year (2019)
While 2021 is certain to test us all anew, the resilience and adaptability demonstrated by all involved in the market over the past year suggests opportunities will continue to emerge.
We would like to wish you all a very Happy Christmas and a cheerful New year.
If you would like to continue to trade up until 31st December, Liv-ex remains open throughout.
Attached is a selection of interesting LIVE bids.