The 2008 vintages of Penfolds Grange and non-first growth crus classés took centre stage in the fine wine world this week.
With Masseto 2010 up 90% on Liv-ex over the last 12 months, expectations are running high for the 2011.
In its quest to simplify and speed up fine wine trading, Liv-ex have just introduced a system to check the condition of individual bottles.
Last week saw an uptick in trade for Bordeaux’s first growths on Liv-ex, as “off” vintages yet again boosted the region amid more growth for fine wine.
The fine wine market is likely staring at a fourth year of decline but there is the chance 2015 will get off on the right foot.
After the longest bear market on record things may be starting to change after another positive month on Liv-ex.
With trading levels returning to normal after the summer break Liv-Ex sees reasons to be cheerful.
With the fine wine market filled with cautious confidence and Bordeaux seeing signs of rehabilitation, Liv-ex has pointed to the 2005 vintage as worthy of a revisit.
Last week Sassicaia and its second wine Guidalberto “ruled the roost” in the Liv-ex trade tables with the 2010 and 2011 trading in “healthy quantities.”
The Liv-ex Fine Wine 100 saw a small but palpable lift in August with Lafite leading the way as the growing signs that the overall decline in the market is nearing an end bear (a little) fruit.
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