Champagne helps fine wine rally in April

The Liv-ex Fine Wine 100 enjoyed a small rally last month after five months of decline, helped along by steady interest in Champagne.

The benchmark index rose 0.3% in April, not quite enough to erase the 0.5% drop suffered in March nor indeed the declines since December 2017 but a step in a more positive direction.

Three of the best-performing labels were from Champagne, with the Krug 2002 going up 6.5%; Cristal’s 2007 5% and Taittinger’s 2006 Comtes de Champagne rebounding 4.5% after drifting over 5% in March.

Also going up were Domaine de la Romanée-Conti’s 2012 Richebourg and Angélus’s 2010 (5% and 4.7% respectively).

Bordeaux and Burgundy labels meanwhile were the big decliners, with a couple of 2009 Bordeaux (Vieux Château Certan and Ducru Beaucaillou) going down and Liv-ex noting that “prices for wines from the vintage have been wobbling for some time now.”

Comete de Vogüé’s 2014 Musigny Vieilles Vignes continued a slide that began last month, declining 3.7%, while Lafite’s 2000 (down 6%) and Domaine de la Romanée-Conti’s 2012 La Tâche (down 7.9%) were the month’s really big fallers.

The upturn in April has put a small break on fine wine’s recent downward course although it is perhaps too much to say it has stopped the rot entirely and with a potentially tricky en primeur campaign in the shape of the 2017 Bordeaux about to kick off in earnest, there’s every chance 2018 is going to be a choppy one for the market.

Leave a Reply

Your email address will not be published.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

Subscribe to our newsletters

Regional Sales Manager (London)

Ian Macleod Distillers
London, UK

Wine Trader

Vintage Capital II PLC
London, UK

International Marketing Assistant

iDealwine
Paris, France

Business Development Manager

Matthew Clark
Brighton, UK

Brand Activation Manager UK & Europe

Australian Vintage
London, UK

Sales Account Manager

Matthew Clark
Reading, UK

Brand Activation Executive

Pernod Ricard UK
London, UK

Logistics Administrator

Swig Wines Ltd
London

Customer Service Manager

Jascots Wine Merchants
London, UK

International Bulk Wine & Spirits Show (IBWSS)

California,USA
25th Jul 2018

Cape Wine 2018

Cape Town,South Africa
12th Sep 2018

The Wine & Spirits Show

London,United Kingdom
12th Oct 2018
Click to view more

The Global Malbec Masters 2018

Deadline : 1st August 2018

Champagne Masters 2018

Deadline : 1st August 2018

Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

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

Click to view more