The Liv-ex May Market Report has been published exclusively for members on our Silver tier package or higher. The following is an extract.
Liv-ex members on our Silver tier package or higher can access the full report here.
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The beginning of En Primeur 2020
With En Primeur almost upon us, interest in Bordeaux picked up – the recent 2018, 2017 and 2016 vintages dominating trade. The region closed April with its highest level of monthly trade share by value (44.2%) since June 2020, when the 2019 releases hit the market and stimulated demand. The past few days have already seen several 2020 petits châteaux releases such as Beaumont (JS 92-93), offered at 3.7% premium to the 2019, but at the same price level as the 2017; perhaps an indication of pricing to come?
With Bordeaux in sharp focus, Burgundy’s market share declined from 23.6% in March to 16.7% in April. Still, as recently examined, the Burgundy market is becoming broader and deeper with an increasing number of wine brands (LWIN7) trading. As for other regions, Champagne and California took equal parts of the pie, each accounting for 7.7% of trade by value. The Rhône accounted for 4.6%, and Italy took 14.8% (5.7% of which was Piedmont).
April was another strong month for fine wine prices. The Liv-ex 100 index rose 1.5% and the Liv-ex 1000 was up 1.3% – leading it into a previously uncharted territory. Within its sub-indices, the Rest of the World 60 rose the most (2.9% – see Major Market Movers below), followed by the Burgundy 150 (1.7%) and Bordeaux Legends 40 (1.2%).
The Champagne 50 remains the best-performing sub-index over one year, but its progress has slowed over the past few months allowing others – especially the Italy 100 – to begin catching up.
The full report contains additional Liv-ex research and analysis:
- Chart of the month: Fine Wine 50 vs FTSE100
- Major Market Movers: Rest of the World rises
- In the news: Tributes to Pio Boffa, and space-aged Pétrus 2000 auctioned
- Critical Corner: Top-scoring Bordeaux 2020 wines
- Final Thought: Is 2020 a ‘Merlot year’ or a clay one?
Our Bordeaux En Primeur 2020 page contains everything you need to know about this year’s campaign. You can also sign up for our daily En Primeur email alerts using the form below.