The Cellar Watch October Market Report has been released.
Containing all the latest Liv-ex research and analysis, the full issue includes:
- Strong September
- Liv-ex 1000 still rising
- Neal Martin on Figeac
- Champagne sparkles
- Final thought: California dreamin’
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You can download page one – with charts and data – here, or read the text below:
It was another strong month for the fine wine market. Trade by value increased 9.2% on the previous month. The bid:offer ratio closed the month at 1.65 and the total exposure of the market rose to £39.8 million. The Liv-ex indices all firmed and a number of wines hit record highs. Haut Brion 2012 traded at a record £3,092 and continues to be well bid.
First Growth activity
Lafite was the most traded wine this month. It accounted for 7.4% of market activity, followed by Haut Brion (5.9%) and Mouton Rothschild (5.4%). The “great” 2009, 2005 and 2010 Bordeaux were the most traded vintages. 2003 and 2012 were also active. Of the 2003s, Haut Brion was the most active. It last traded at £3,240 in September — up 29.5% from the end of last year.
Champagne gets its fizz back
Champagne took its largest share of trade by value this year at 9.6%. In last month’s report it was observed that the Champagne market had improved recently. The Liv-ex Champagne 50 index has now hit four consecutive highs, climbing 8.7% since May. Activity for Bordeaux was lower at 70.5%, while Burgundy was higher at 8.6%. Italy recorded its lowest month of trade this year at 4.2%.
Liv-ex 1000 still rising
September was a solid month for the Liv-ex indices. The Liv-ex 1000 index hit another record high, closing at 285.30. The Rest of the World 50 and Champagne 50 were the biggest movers of the sub-indices, up 3.1% and 3.0% respectively. The Liv-ex 100 increased for the tenth consecutive month, up 1.6%. It closed at 281.23 and now sits 23% below is peak of June 2011.
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