The Cellar Watch May Market Report has been released.
Containing all the latest Liv-ex research and analysis, the full issue includes:
- En Primeur pause
- Liv-ex 100 breaks winning streak
- Top Bordeaux 2016 scores
- Frosty forecast
- Final thought: Bordeaux 2016 – hanging in the balance
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:
En Primeur pause
The En Primeur campaign for Bordeaux might be heating up, but the secondary market for the region cooled down in April. Trade for the region dipped and Bordeaux led the Liv-ex indices down for the first time in nearly a year and a half. The levels at which the upcoming releases are priced—and how well they are received—will likely help to inform the future direction of the market.
Ponsot boost for Burgundy
April was another slow month for Bordeaux which took just 63.6% of trade by value. This is ten percentage points below its monthly average of 73.7% in 2016. Burgundy continued to trade well, boosted by activity for Ponsot, Clos Roche. Australia accounted for a relatively high 2.5% of activity. Torbreck Laird and Penfolds Grange were among those from down under finding the bid.
Mouton Rothschild was the most traded wine by value this month, narrowly ahead of fellow First, Lafite. Outside of the First Growths, Cheval Blanc and Figeac were the most active Bordeaux names. The 2010 vintage was the most traded (12.8%) in April, but the recently physical 2014 followed with 10.5% of activity by value.
Liv-ex 100 breaks winning streak
The Liv-ex 100 Index broke its winning streak when it dipped for the first time in 17 months, closing April down half a percent. The Liv-ex 50 also drifted (-0.4%). The broader Liv-ex 1000 was the only major index to hold steady (+0.05%). Of its sub-indices, the Rhone 100 (+0.8%) and Italy 100 (+0.5%) were the strongest performers.
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