This week, the total value of Liv-ex bids (£30m) and offers (£50m) reached a record high (£80m); real-time bids and offers have increased by 27% and 14% respectively so far this year. Despite the adversity of 2020, vintners, collectors and retailers have been able to respond with flexibility.
Image courtesy of: Livex Premium Wine Market
As consumers turn to buying wine online, so do businesses. Automated trading allows bids and offers on Liv-ex to coincide with vintners around the world 24/7, and reached a record high in October.
This week, white Burgundy (7.9%) drove trade across the region (28.8%), giving the region a record market share. Fontaine Gagnard are all trading actively. (Someone will have a mouthful this Christmas).
Champagne (8.3%) was also stable this week, but fell back in Italy (14.2%), Rhône (2.3%), the US (6.5%) and other wine regions (2.9%).
Bordeaux dominated this week with big deals. Two First Growths, Chateau Lafite Rothschild 2006 and Chateau Mouton Rothschild 2010, both sold in large volume and at slightly below market prices. First Growths accounted for 44% of the total value of Bordeaux transactions (up from 32% last week). Year to date, the Liv-ex 50 is up 2.75 percent.
The Chateau Duhart-Milon Pauillac 2010 sold for £803 (1,275 per case). This wine was released in 2011 for £1,000 and soon sold for 20% more. However, the following year, as the market"s enthusiasm for Bordeaux waned, the wine began to fall in price, soon dropping to 30% below the release price; it finally reached its lowest point (£454) in June 2014. Neal Martin recently gave the wine 93 points, calling it excellent.