Non-Bordeaux trade on the up on Liv-ex30th August, 2013 by Rupert Millar
Bordeaux’s share of monthly trade on Liv-ex in the first half of 2013 has dipped below 90%.
Meanwhile, other regions have crept up as buyers turn from Bordeaux and its high prices.
The value of Burgundy’s trade in July this year was five times that of trade in July 2010, Liv-ex reported on its blog and even the Rhône had seen a its value increase three times in the same period.
In fact the Rhône has seen the biggest surge so far this year with the 2009 “La La’s” apparently leading the region’s rise.
So far this year, the Rhône has been accounting for 3% of trade on the index when it historically accounts for less than 2%.
Champagne and Italy have both capitalised on rises in 2012 which took their share of trades over the 2% mark, a share that has been maintained into this year.
Burgundy continues to be the strongest performing non-Bordeaux region, now accounting for nearly 7% of trade, an enormous leap from 2010 when it accounted for less trade than Champagne.
The index commented: “As buyers diversify, 2013 has seen all regions take an historically sizeable share of trade.”
Meanwhile, click here for our round-up of fine wine news from Aston Lovell, as it is reported that Liv-ex’s Fine Wine 100 looks like it will see a positive move in August.