Cellar Watch June The Liv-ex January Market Report has been released. This month’s full report contains an extended final thought based on Liv-ex’s special report: The Year That Was 2017.

The full issue includes:

  • Bordeaux 2007 major movers
  • White Burgundy top risers
  • Margaux 2015 off-ex trades
  • Neal Martin on Burgundy 2016
  • Final thought: The Year That Was 2017

How to access the full report

If you’re a private collector, please log in or subscribe to Cellar Watch. If you’re a fine wine merchant or a member of Liv-ex, please contact your Account Manager or email salesteam@liv-ex.com to discuss package options.

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

The holiday

After a record breaking November, December’s trade eased off as the holidays curtailed market activity. Still, Liv-ex’s trade over the Christmas break more than doubled on the previous year with two thirds of the trades over this period executed automatically. This is a sign of things to come. As integration continues we expect to see more trade during traditionally quiet periods such as weekends and holidays.

New normal

Bordeaux’s market share rose to 65.8% by value – just under its average for 2017. In previous years its average share was much higher but moving into 2018 the new normal for Bordeaux’s trade share will be under 70%. Burgundy dipped slightly to 14.6%, with red wines accounting for 10.3% of the total. Italy was the third most traded region in December, taking 7.5%.

Lafite lift

Lafite Rothschild lifted the First Growth market share to 26.5% over the last month up from 21% in November. The 2013 and 2014 vintages were the two most traded wines by value in December. Other brands to trade well included Petrus, with the 2006 vintage proving particularly active.

December dip

All of Liv-ex’s main indices drifted in December. The Liv-ex 1000 fell 1%, led down by a drop in the Burgundy 150, where the removal of some punchy bids caused a pull back from the previous month’s gains. Both the Liv-ex 100 and the Liv-ex 50 fell 0.1%.