A strong start to the new year for fine wine

A strong start to the new year for fine wine

 

fine wine

January was an active month for the fine wine market – the second best in terms of volumes traded in its history. Trade by value was dominated by Bordeaux (30.2%), Burgundy (24.6%), Champagne (10.9%) and the USA (10.4%).

Louis Roederer Cristal 2008 was the most traded wine by value, while Daou’s Discovery Cabernet Sauvignon 2018 from Paso Robles led by volume.

Fine wine prices continued their bull run into the new year, with a 1.9% move for the Liv-ex 100 and 3.5% for the Liv-ex 1000. The market’s momentum was led by the Burgundy 150 index in January, which rose 6.4%. Heightened demand and impending shortages have contributed to persistent price hikes across the primary and secondary market, as examined in our recent report, Burgundy 2020: Stocks and sweet spots.

Additionally, eight out of the 10 biggest risers from the Liv-ex 1000 came from the region. Bouchard Pere et Fils Montrachet Grand Cru 2017 was the top performer.

 

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Source: Liv-Ex 

 

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