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

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

  • New releases captivate market
  • Lafite Rothschild Chinese wine project
  • Overly ambitious Ausone?
  • Jancis Robinson on Champagne
  • Final thought: Australia – coming up from down under

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

New releases captivate market

A steady flow of releases from Champagne and La Place de Bordeaux kept the market occupied in September. These included the 2009 vintages of Dom Perignon and Cristal, and the 2014 vintage of Opus One. As merchants focused on distributing new offerings, secondary market activity dipped. However market exposure moved to a new record high of £45 million.

A dosage of Champagne

Bordeaux’s market share fell slightly on the previous month to 70.6% by value. Champagne remained in second place, at 9.6%, widening the gap with Burgundy in third which fell to a 12-month low of 5.4%. Italy (4.9%) and the USA (3.7%) both improved on August, while Australia accounted for an impressive 2.3%, in part thanks to heavy trading for Torbreck, Laird 2012.

First Growths fade

The First Growths’ trade share lapsed in September, falling from 32.2% to 20%. Falling activity encouraged by sterling appreciation pushed mid prices down, most significantly for the 2012 and 2013 vintages. Mouton Rothschild 2000 was amongst the most traded wines by value, finding the bid at new record high of £16,315.

Rest of World resilient

All major Liv-ex indices drifted in September, as sterling strength nudged prices down. The Fine Wine 50 fell 0.3%, while the Fine Wine 100 was off 0.2%. The Liv-ex 1000 — the broadest measure of the market — fell for the first time in 22 months, down 0.1%. Still, non-Bordeaux indices remained resilient. The Rest of the World index was the best performer, up an impressive 2.3%.

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