The fine wine market expands in unexpected new directions
PREMIUM
CONTENT

The Liv-ex April Market Report has been published exclusively for members on our Silver tier package or higher. The following is an extract. 

Liv-ex members on our Silver tier package or higher can access the full report here. 

To upgrade your package click here or speak to your Account Manager.

The fine wine market expands in unexpected new directions

 

March was a busy month. It saw various releases from Champagne, Burgundy, Italy and Bordeaux and the important announcement that US trade tariffs on European wine were to be suspended for four months. The following week saw trade increase by 50% in value and 65% in volume, with US buyers particularly active.

This activity was reflected in market share. The Rhône, a region with particularly strong following in the US, was a beneficiary, seeing its trade share rise from 3.4% in February to 5.1% in March. Burgundy took 23.6% of the market, after its weekly share surpassed that of Bordeaux for the first time ever at the end of the month. Meanwhile, Bordeaux’s share fell a touch (37.2%), despite critical attention surrounding its 2018 vintage as many in-bottle scores were released. Italy held steady at 15.5%, with the USA making further gains (8.1%) and taking a bigger slice of the market than Champagne (7%).

March surpassed November 2020 as the broadest month of Liv-ex trade on record, after 1,440 distinct wines (LWIN7s) traded on the exchange. When vintage is factored in, a total of 2,711 wines (LWIN11s) changed hands. A Pinot Grigio from Valdadige and Gusbourne’s 2018 Pinot Noir were among the new entrants. Just two years ago, circa 600 wines would trade monthly.

March was also a positive month for prices, with the Liv-ex 100 up 1.6% and the Liv-ex 1000 up 1%. The Italy 100 was the best performer, up 2.4%, pushed by gains in Tignanello and Solaia.

The full report contains additional Liv-ex research and analysis: 

  • Major market movers: Rhone Revival
  • Chart of the month: USA buying
  • Critical corner: Bordeaux 2018 – critics find ‘legends in the making’
  • In the news: VI-1 forms postponed and Joséphine Duffau-Lagarrosse acquires Château Beauséjour
  • New releases: Burgundy and Champagne
  • Final thought: Bordeaux 2020 En Primeur

Liv-ex members on our Silver tier package or higher can access the full report here. 

To upgrade your package click here or speak to your Account Manager.