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

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

  • Strong euro revives August trade
  • 2014 releases
  • Bonkers Burgundy
  • James Suckling on the superstars of Tuscany
  • Final thought: Champagne – a market without bubbles?

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

Strong euro revives August trade

The summer lull continued during the first half of the month, but volumes increased substantially in the final two weeks of August, as the euro hit an eight-year high against the pound. Spurred on by a strong euro, the Fine Wine 50 climbed and the average spread within the index dropped below 3%.

Bordeaux hat-trick

Bordeaux’s market share remains above 70% for the third month in the row. The region’s August share was 72.8%, which was down on July but up on June. Champagne (7.8%) beat Burgundy (7.3%) into second place thanks to new releases such as Perrier Jouet Belle Epoque 2008 finding the bid. Italy’s share increased slightly from 4.3% to 4.8%.

First Growths bouyant

Trade in August was heavily dependent on the First Growths, which accounted for 32.2% of the total by value, up from 28.7% in July. Off-vintages featured heavily, with the two most active wines being Lafite Rothschild 2006 and Haut Brion 2007. Latour 2005 continued to trade in volume since its ex-chateau release in March.

Broad market still strong

Once again the Liv-ex 1000 — the broadest measure of the market — was the best performing index, up 1.5% in August. The Burgundy 150 led the charge, gaining an impressive 3.4%. The Fine Wine 50 experienced it’s largest month on month increase this year (1.3%), while the Fine Wine 100 was up just 0.5%, as the performance of some Bordeaux vintages remains a drag.

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