Updated: Jun 22
Wine Investment, News, Bordeaux
A mixed month for Liv-ex indices After January’s distractions (Chinese New Year and the Burgundy 2021 campaign), the trade renewed its focus on the secondary market this February, with an 22% increase in trade volume. The total value of live bids and offers on Liv-ex hit a new record of £118million.
The number of wines with an active market also set a new record, with 8,000 labels (LWIN7s) and 20,000 distinct wines including vintages (LWIN11s). Publication of Bordeaux 2020 in-bottle reports and write ups of the annual Southwold tasting put Bordeaux in the spotlight this month. The region accounted for 38.5% trade by value, up slightly on the previous month (37%). 2019 was the most traded vintage from the region.
The industry benchmark Liv-ex 100 index rose for the first time in four months. While the broadest measure of the market, the Liv-ex 1000 index, fell for the fourth month in a row.
As we expected, for the last few months we have seen the Fine Wine market consolidate to a healthy level. Last month the Liv-Ex 100 was up for the first time in four months. As a company, we have noticed a big difference in the level of activity on Liv-ex over the last few weeks for Bordeaux compared to December, January, and the start of February. As many of you know we have still been buying selectively and are continually searching the market for new opportunities however, supply is thin on the ground. We have had a few questions about other regions such as Burgundy and Champagne, whilst there have been some stellar performances from some wines from these regions, we see Bordeaux as a far more liquid and consistent market. We look forward to what is coming over the next 12-18 months and our optimistic outlook remains.