Fine wine decline slows in July

4th August, 2014 by Rupert Millar

The Liv-ex Fine Wine 100 declined for the sixteenth straight month in July but it was the slightest monthly drop since December last year.

domaine-ponsot-clos-de-la-roche-grand-cru-cuvee-vieilles-vignes-cote-de-nuits-franceLiv-ex stated on its blog that July was “more stable” than a rather more volatile June which saw severe tumbles for the first growths and even Domaine de la Romanée-Conti’s La Tâche.

Bordeaux was hit hardest in July, particularly Lafite which saw its 2009, 2000 and 2006 suffer respective falls of 9%, 8.1% and 7.9% – clearly the 2009 is still finding its floor and the £5,550 a case it traded for in July is an historic low.

Léoville Las Cases was the worst performer with its 1996 dropping 9.2% to £1,600 a case.

On the up it was a rather mixed bag of regions. Burgundy saw its highest share of trade in 18 months at 12.5% of all trades by value in July.

Ponsot’s 2011 Clos de la Roche went up 9.3% to £3,499 and Comte de Vogüé’s 2009 Musigny Vieille Vignes went up 7% to £5,900 a case.

Haut-Brion 2010 bounced back from last month’s 11% drop on its case price and rose 8% to £5,050 a case, Pichon-Baron’s 2010 went up 6% to £989 – a sub £1,000 classed growth Bordeaux from a good vintage being the sort of bargain buyers are looking for at the moment.

Also in the month’s top risers was a Rhône wine, Clos Papes’ 2010 Châteauneuf du Pape up 8.7% to £815 a case.

Overall the index fell 0.85% in July and the Liv-ex 50 fell 1.1% (running flat in the last week of the month).

As Liv-ex suggested late last month, while there may be no immediate change in the situation there is, perhaps, reason to be more optimistic that the market is on the cusp of turning a corner.

Leave a Reply

Your email address will not be published.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

Subscribe to our newsletters

Job vacancies

Area Sales Executive

Gordon & Macphail
Edinburgh, Fife and Scottish Borders

Private Account Manager

BB&R (HK) Limited
Central, Hong Kong, HK

Beer Development Specialist

Matthew Clark
London, UK

Fine Wine Sales Administrator

Davy's Wine Merchants
London, UK

Business Development Manager - On Trade

FINE+RARE
Central London, GB

Regional Sales Manager

Swallow Associates Ltd
Home Based: North-West England, UK

London Account Manager Role (Full Time)

LITTLE BIRD GIN
Home based with UK travel. , GB

Sales Operations Manager

Bibendum PLB
London, UK

Digital Marketing Executive (online content & community manager)

Corney & Barrow Limited
London E1W (near Tower Bridge), UK

Store Manager – Premium Drinks

Amathus Drinks PLC
London, UK

On-Trade Regional Sales Manager

Anthony Byrne Fine Wines
London and the South East, UK

Wine Sales – Northwest England

Gerrard Seel
North West England

Senior On-Trade Sales Manager – English Sparkling Wine Company

COREcruitment
London based with national travel, UK

The Global Sparkling Masters 2017

Deadline : 14th June 2017

The Global Syrah Masters 2017

Deadline : 14th June 2017

The Global Malbec Masters 2017

Deadline : 14th June 2017

The Global Beer Masters 2017

Deadline : 1st August 2017

Click to view more

The Drinks Business Awards 2017

Now in its 15th year, the db awards have become the most authoritative, internationally respected badge of achievement in the alcoholic drinks industry.

The Asian Cabernet Sauvignon Masters 2017

the drinks business Hong Kong announces its first year of The Asian Cabernet Sauvignon Masters.

Rioja Masters 2016

Now in its fifth year, the competition will recognise and reward the finest Riojas on the world stage.

Fortified Masters 2016

Now in its third year, The Fortified Masters will reward the best fortified wines on offer.

Click to view more