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May 30, 2022 View:

Liv-ex Weekly Trading Summary Fine Wine 50 Index up 0.5% in November

The market remains strong and November has been the highest value and volume month of 2020 to date. With the launch of multiple Covid-19 vaccines and the potential end of uncertainty surrounding the US election, global sentiment has improved and the total value of bids and offers has reached a record high of £82 million.

Image courtesy of: Livex Premium Wine Market

Interestingly, Bordeaux led the way in this record-breaking month. The wine region"s market share was up to 42.7% last week and 37.6% in November, an increase from October. Bordeaux's bid-offer parity This ratio of more than 0.5 points usually reflects positive market sentiment.

The Liv-ex Fine Wine 50 index closed November up 0.5%.

Burgundy's share of transactions fell this week (17.0%), but its monthly share (23.4%) is still above last year's average.

Champagne (12.3 percent), Rhône (4.9 percent) and the United States (8.6 percent) also saw increases in their share of transactions; however, Italy (10.2 percent) and other wine regions (4.3 percent) saw decreases.

The Perrier Jouet, Belle Epoque 2007 was the week's highest value wine. Although the price performance of Perrier Jouet lags behind other Champagnes in general (as shown in the chart below), the 2007 vintage is the exception: its market price has risen by 15% in the last three years and has been stable since 2020.

On the other hand, Louis Roederer, Cristal also performed well this year; the 2012 vintage has been active recently.

This week, Mouton Chateau Mouton Rothschild announced that the 2018 vintage label was designed by Chinese artist and writer Xu Bing: the label is composed of Latin letters, presented in a Chinese character structure and Chinese calligraphy. Since the announcement, the Mouton 2018 has been accompanied by a 12% price increase.

Bordeaux 2019 vintage remains in the spotlight. Admiralty Chateau Angelus 2019 was the most traded Bordeaux 2019 vintage this week. A total of 11 different Bordeaux 2019 vintages changed hands this week, including Chateau Leoville Poyferre, Chateau Pavie and Estournel Cos Destournel. this week, the total value of transactions for the 2019 vintage was already double that of the 2018 vintage released a year ago.

This November, the Liv-ex 100 rose 0.84%, while the Liv-ex 1000 was roughly flat. After a difficult first half of 2020, wine prices have been rising for the past six months and the Liv-ex 100 is now at its highest level since the fall of 2011.