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Your email address will not be published.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 *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Fine Wine Logistics Coordinator

IG Wines
London, GB

Brand Ambassador East Coast USA - Ableforth’s

Maverick Drinks
New York - field-based, USA

Brand Ambassador West Coast USA - Ableforth’s

Maverick Drinks
San Francisco / Los Angeles - field-based, USA

Global Travel Retail Manager

Maverick Drinks
London, UK

Portfolio Ambassador - Europe

Maverick Drinks
North West Europe - field-based, UK

Senior Partner Manager - Grocery

Maverick Drinks
London/Field Based, UK

Sales Executive

Woolf Sung Ltd
London

Trade Marketing Manager - Maverick Drinks

Maverick Drinks
London / Kent

Business Development Executive Central London

William Grant & Sons UK
London

PR & Communications Officer - Atom Group

ATOM Supplies Limited
London, UK

Crus Bourgeois du Médoc 2015 Official Selection Tasting

London,United Kingdom
21st Sep 2017

The City Wine Show

London,United Kingdom
22nd Sep 2017

Almaviva 2015 Vintage and Vertical Tasting

London,United Kingdom
28th Sep 2017
Click to view more

Global Chardonnay Masters 2017

Deadline : 29th September 2017

The Global Riesling Masters 2017

Deadline : 29th September 2017

Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more