Beyond the blog: is fine wine recovering?

29th August, 2014 by Tom Bruce Gardyne

Liv-ex has been tracking the ratio of bids to offers for signs of a recovery in the fine wine trade, and in the week to 21 August recorded it had hit 0.46, the highest since March.

Cos d’Estournel

Cos ’03 looks ripe for an upturn

“It is only a guide,” said Anthony Maxwell, head of exchange, “But the past suggests that once the bid/offer ratio goes over 0.50 (half the value of bids to offers), then prices start to rise, although this of course not a certainty.”

While Liv-ex doesn’t advise as such, Maxwell added that, “2005 left banks, as well as 100 pointer (non-firsts) from 2009 look the right price and right for an upturn. Otherwise it’s Cos ’03 [“super second” Cos d’Estournel] and some Montrose with people taking a view on Robert Parker’s scores released later this week, and elsewhere more activity around Carruades ’12, which will become physical in September.”

Port also saw a slight bounce thanks to trade for Quinta do Noval, Nacional 2011, released last year. “There tends to be an uptick in September to October in the run-up for Christmas,” says Maxwell.

“Here though I think it was more a case of offer prices that encouraged buyers for stock.”   ​

Top 5 by value_21Aug

Soucre: Liv-ex

Top 5 by volume_21Aug

Source: Liv-ex

Liv-ex 50_four weeks

Source: Liv-ex

Beyond the blog is run is association with Liv-ex.

Liv-ex logo

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Job vacancies

ON-TRADE Sales Executive

Roberson Wine
London, UK

OFF-TRADE Sales Executive

Roberson Wine
London, UK

Judging Week Runners

Decanter World Wine Awards
ExCel Centre, London E16, UK

Sales Administrator

Les Caves de Pyrène
Guildford, UK

Retail Commercial Executive

Laithwaite's Wine
Theale, Berkshire

Wine Buyer

Conviviality Plc
Crewe, UK

Sales Account Manager - On-Trade

Berkmann Wine Cellars
Liverpool

Sales Account Manager - On-Trade

Berkmann Wine Cellars
M3/M4 corridor

Media Sales Manager - Hong Kong

The Drinks Business Hong Kong
Hong Kong

Regional Account Manager

New Generation McKinley
London, UK

Experienced Sales Account Manager – On Trade

Cantina Goccia
London and the south, UK

National Sales Manager – Premium Drinks

Core Recruitment
London based with national travel

Wine Trainee

Stone, Vine & Sun
Twyford, near Winchester, Hampshire

The Global Merlot Masters 2017

Deadline : 24th February 2017

The Prosecco Masters 2017

Deadline : 10th March 2017

db Awards 2017

Deadline : 28th April 2017

The Global Organic Masters 2017

Deadline : 3rd March 2017

Click to view more

The Global Sparkling Masters

the drinks business is thrilled to announce the launch of The Global Sparkling Masters

The Global Rosé Masters 2016

the drinks business is proud to announce the launch of the Global Rosé Masters 2016.

The Prosecco Masters 2016

Now in its third year, the competition will reflect the growth in popularity of this fresh and exciting sparkling wine from the picturesque regions of Veneto and Friuli.

The Global Pinot Noir Masters 2016

After the success of last year’s competition that judged over 250 wines from no less than 16 countries, the drinks business is proud to announce the third year of the Global Pinot Noir Masters

Click to view more