The Cellar Watch January Market Report has been released.
Containing all the latest Liv-ex research and analysis, the full issue includes:
- Burgundy’s back
- Vintage variation
- Tignanello rising
- Jancis Robinson on 2002 Champagne
- Final thought: The year that was – 2016
To access the full report, please log in or subscribe to Cellar Watch.
You can download page one – with charts and data – here, or read the text below:
All-time high trades
Trade this month was down on November by both value and volume as the market slowed down for Christmas. Despite the December lull, trading activity remained higher than in 2015 and the indices closed in a strong position moving into the new year. A number of wines traded at all-time highs this month, including Beychevelle 2011 and controversial Pavie 2003.
Regional share of trade for Burgundy bounced back, having fallen behind either Italy or Champagne each month since August. The region accounted for 10.1% by value, compared to 7.3% in November. Champagne and the USA also rose this month, boosted by high value trades for Salon, Mesnil and Screaming Eagle. Bordeaux dipped from 73.7% to a below average 66.1%.
Lafite Rothschild was once again the most traded wine this month, accounting for 5.7% of market activity by value. Mouton Rothschild (5.0%) and Carruades Lafite (4.7%) followed. Two of the top Bordeaux years—2010 and 2009—were the most traded vintages. The recent 2013 vintage followed close behind, thanks in part to high volumes of trade for Leoville Poyferre 2013.
A year of index highs
The Liv-ex 1000 gained 1.1% to close December at another all-time high of 299.8. Among the sub-indices, the Burgundy 150 was the strongest performer of 2016 after gaining 2.6% in December to close the year at 317.4. The Liv-ex 100 saw modest gains, edging up 0.4%. The Champagne 50 (-0.9%) and the Italy 100 (-0.2%), recorded small declines this month.
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