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market report

Liv-ex is an electronic exchange for fine wine used by professional merchants and collectors. Market Report is part of a package of services offered to subscribers of Liv-ex, with subscriptions starting at £49.95 per year. Below is an extract from the latest Market Report. For the full report and to access Liv-Ex's services, sign-up with them at www.liv-ex.com

Liv-Ex Market Report
by Liv-ex.com, April 2014

Trading


Bordeaux's trade share touched a nine year low in February, but bounced back in March, reaching and eight month high of 82.7%. The 09s and 10s saw the most trade (17% each) whilst the 06 accounted for a sizeable twelve, boosted by trade for Mouton. Burgundy trade lifted, while Italy and Champagne held their ground. Trade for the rest of the world fell to 1.3% of the market. The Liv-ex 100 fell 1.4% in March, marking a year of falls for the index, a record stretch of consecutive monthly declines.


(more analysis in the full report)

Major Movers


Sauternes, a perennial underperformer found its fortunes reversed in March. As Bordeaux 2013 tasters reported on a poor vintage for reds, Sauternes experienced 'payback time' with many top scores going to the new sweet wines. Back vintages also found favour. There were particularly strong rises for recent Champagne vintages. Italy has also fared well.


(analysed in detail in full report)

Chart of the Month


March was the eight consecutive month that the Liv-ex Fine Wine 50 has fallen, back to its level of four years ago. The chart shows a steady 8.1% decline over the last six months. During this time, 49 of the 50 wines have dropped in price - only the Haut-Brion 2002 is showing a gain of 2.9% since September. Prices have declined by 7.5% on average.



Critical corner - Thoughts on 2013


Several critics have released their 2013 scores. Two that were out of the blocks quickly where Jameses Molesworth and Suckling. Decanter reported the belief of several producers in Sauternes that their "wines are some of the best (2013s) to emerge".




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