The fine wine market continues to broaden. So far this year, over 4,600 individual wines and vintages (LWIN11s) have traded on the Exchange. This represents an increase of 6% on the whole of 2016, and 182% on 2010 when a narrow group of top Bordeaux wines dominated the market.
Unsurprisingly, the broadest range of wines to trade in 2017 were red Bordeaux. In second place were red wines from Burgundy. Italy sits in third place, with 479 different LWIN11s trading from the region, up 24% on the previous year.
Compared to 2016, both Bordeaux (red) and Burgundy (red) have seen a decline in the variety of wines traded, down -4% and -1% respectively. However, it is worth remembering that the year is not yet over.
Since 2010, the USA has seen the most improvement. 110 different wines and vintages have traded on the Exchange in 2017, compared to just 12 seven years ago.
Year-to-date, the Champagne market has seen the biggest rise and is up 42%.
Two weeks ago, Liv-ex noted Australia’s developing trade on the secondary market. In fact a larger number of different Australian wines have traded on Liv-ex in 2017 than white wines from Bordeaux. Still, the total value of white Bordeaux trade remains more than double that of Australia.