Fine wine prices continued to rise in August, as seen in the positive moves of the Liv-ex 100 and Liv-ex 1000 indices. Year-to-date, the Rest of the World 60 is the best-performing regional index – in large part, driven by rising prices for American wines.
It is not just the prices for American wines that have been on an uptrend. The USA accounted for almost 14% of market share by value this past week, setting a record weekly high.
Champagne, Italy and the “others” category (led by Australia at 2.5%) also increased their share of trade. Bordeaux maintained its level, taking just over 35% of the market.
Burgundy dipped from 21.4% to 16.9%, while the Rhone more than halved its share to 2.2%.
Top traded labels
This week’s most traded wines came from USA, Bordeaux, Italy and Champagne.
Sassicaia 2018 once again featured among the five most active, this time trading above the price set last week. The top two spots were for the 2018 vintages from Eisele Vineyard Cabernet Sauvignon and Joseph Phelps Insignia.