Yesterday’s trading activity
After a busy weekend for Burgundy, trade on Monday and Tuesday largely drifted back to Bordeaux, Champagne and Italy.
Bordeaux and Champagne show best bid:offer ratios
We recently looked at the bid:offer ratio – a key determinant of demand in the secondary market.
Overall, the bid:offer ratio has fallen over the last six months to 0.89, and the number of offers is greater than bids, which all suggests greater caution from buyers.
But the picture is different when looking at regions individually. When we do so, we see that Bordeaux and Champagne currently have the best bid:offer ratios, with both also having more LIVE bids than offers.
Champagne’s ratio is the strongest at 1.6 and Bordeaux’s is 1.2. Historically, a ratio over 0.5 is considered a positive sign.
The market’s ardour may have cooled a little after last year’s bull run, but interest has not died away completely.
And while it has become more of a buyers’ market for some wines, the value and variety offered by Champagne and Bordeaux continues to be a boon for stockholders.
Opportunities to trade
There are currently over 5,100 LIVE bids and offers on Bordeaux and over 1,000 for Champagne. Head to the market to see them all.
Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 600 merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 16,000 wines. Independent data, direct from the market.