Cellar Watch June The Cellar Watch June Market Report has been released.

Containing all the latest Liv-ex research and analysis, the full issue includes:

  • En Primeur – a frosty reception
  • Indices rise again
  • Best performing Burgundies
  • Monica Larner on Sassicaia
  • Final thought: Bordeaux 2016 – the lucky few

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You can download page one – with charts and data – here, or read the text below:

En Primeur – a frosty reception

This year’s stop-start En Primeur campaign has been dominated by discussion of higher prices and lower volumes, issues exacerbated by the frosts at the end of April. While some releases have been over-subscribed and successful, many have failed to inspire. Perhaps it’s not surprising, therefore, to see Bordeaux’s trade share rise as merchants plunder back vintages for value.

Bordeaux’s best month

Bordeaux’s activity was the highest it has been all year, comprising 69% of trade by value. Conversely, Burgundy’s share slipped slightly to 12%, well above its historical average, yet the lowest it has been all year. The USA had yet another strong month, accounting for 4.7% of trade. Screaming Eagle and Stag’s Leap were the most actively traded brands from the region.

Figeac flying

Figeac traded very well for the second month in a row, surpassing Haut Brion to become the fifth most traded brand by value, behind the other four First Growths. Lafite Rothschild led the way with a 12.6% share of trade. The most actively traded vintages were the ‘great’ 2005, 2009 and 2010.

Indices rise again

After April’s falls, all the Liv-ex indices rose in May. The Liv-ex Fine Wine 50 moved up 1%, while the Liv-ex 100 increased by 0.4%. The Liv-ex 1000—the broadest measure of the market and the only index not to fall in April—rose 1.2% to complete 18 consecutive months in which it has risen.

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