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

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

  • Prices rise, records fall
  • Advancing Armand
  • Margaux 2015
  • Jane Anson on the Medoc 2015 in bottle
  • Final thought: Big Bottles

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

Prices rise, records fall

November was one of the busiest months ever on Liv-ex. The records for number of trades in a month and most members trading were both surpassed. With sterling stable, prices accelerated on the back of buying in anticipation of Chinese New Year rather than currency movement. At the same time, demand for some of Burgundy’s most sought after producers intensified further.

Bordeaux low

Bordeaux’s market share fell to a joint record monthly all-time low of 61.7% even though the absolute value traded lifted from October. Big names propelled Burgundy to 15.9% of trade by value while Champagne was boosted to 6.9% thanks to the popular Cristal 2009 being one of the most active wines.

Young and old

Despite Bordeaux’s falling share, the First Growths market share remained steady at 21% by value, as trade drifted for the other cru classés. Younger vintages proved popular with Cheval Blanc 2014 being the most active wine. Given the price jump of Margaux 2015, attention turned to high-scoring back vintages, including Margaux 1996 which was one of the most popular wines last month.

Red gains

All the major indices rose in November. The broad market, measured by the Liv-ex 1000, jumped 2.8% thanks to the Burgundy 150 leaping a mammoth 8.8%. The Liv-ex 50 gained 0.9% and the Liv-ex 100 increased 1.3%. Both of Liv-ex’s white wine sub-indices, the Sauternes 50 and the Champagne 150, fell by 0.5% and 0.7% respectively.

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