The Cellar Watch September Market Report has been released.
Containing all the latest Liv-ex research and analysis, the full issue includes:
- August: heating up
- All-time high for Liv-ex 1000
- Lafite Rothschild 2013: top performer
- Robert Parker on Bordeaux 1982
- Final thought: Champagne—sparkling
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You can download page one – with charts and data – here, or read the text below:
August: heating up
August is typically a quiet month for the fine wine market. This year activity did not slow down: a weakened Sterling offered opportunities for Euro and Dollar-based buyers, and trade by value increased by 30% on August 2015. The Liv-ex indices continued to climb, and the bid:offer ratio closed the month at 1.76, up from 1.51 at the end of July.
After a quiet July for the region, activity for Bordeaux picked up in August: it accounted for 75.1% of trade by value compared to 69.5% the previous month. Burgundy took a steady 7.3% boosted by activity for top wines including Armand Rousseau, DRC, and Leroy. Champagne accounted for 4.9% of activity, while Italy took 5.8%.
The four “great” Bordeaux vintages of this century were the most traded in August, collectively accounting for 44.5% of Bordeaux activity by value. 2010—with 17.5%—took the top spot, followed by 2005 (10.1%), 2009 (8.6%) and 2000 (8.4%). Lafite Rothschild 2010 was the most traded individual wine overall.
All-time high for Liv-ex 1000
August was another strong month for the fine wine indices. The Liv-ex 1000 index hit an all-time high, closing the month on 281.62. The Bordeaux and Burgundy sub-indices moved the most, with the Bordeaux 500 and Burgundy 150 both up 3%. The Liv-ex 100—up 2.9%—increased for the ninth consecutive month, its longest streak of positive movements since 2009.
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