Fine wine declines further in November

The Liv-ex Fine Wine 100 index continued its downward spiral in November, declining 1.3% as various global events continued to bite.

Over the course of November the sterling strengthened somewhat against the euro and while it weakened against the dollar, the tariffs imposed in October really took hold and with on-going instability in Hong Kong, “buyers became increasingly cautious reducing their commitment to the market,” said Liv-ex.

Although not in absolute freefall, this is the third month of decline and the biggest monthly downturn since December 2017.

The Fine Wine 100 is undoubtedly going to end the year in the red having largely been under-performing all year bar a few months this summer.

Nonetheless, the wider performance of the index aside, brands went up and down as usual.

Domaine Leflaive’s 2015 Puligny Montrachet Clavoillon was the month’s best mover, up 7.3%.Bartolo Mascarello’s 2014 Barolo and Giacomo Conterno’s 2010 Barolo Riserva Monfortino – up 5.1% and 3.5% respectively – and the 2006 Dom Pérignon, perhaps as a result of their (current) lack of US tariffs were all moving up too.

A mixed bag of Bordeaux and Burgundy labels were heading down however, including Domaine de la Romanée-Conti’s 2015 La Tâche, the 2009 Haut Bailly, 2000 Mouton Rothschild and Armand Rousseau’s 2016 Chambertin Clos de Bèze.

The month’s biggest faller was Raveneau’s 2016 Chablis Montée Tonnerre, down 9.8%.

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Your email address will not be published.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.

We encourage debate in the comments section and always welcome feedback, but if you spot something you don't think is right, we ask that you leave an accurate email address so we can get back to you if we need to.

Subscribe to our newsletters

Key Account Manager

MMI Maldives
Maldives

Financial Controller

London City Bond
Barking, UK

Duty Manager

The Whisky Exchange
Great Portland Street, London

Spirits Advisor

The Whisky Exchange
London, UK

International Sales Manager

Elixir Distillers
Park Royal, London, UK

Brand Marketing Executive

Elixir Distillers
Park Royal, London, UK

Cellar Door Manager

House of Townend
Melton, North Ferriby, UK

Marketing Manager

The Whisky Exchange
Whitby Avenue, Park Royal, London NW10 7SF

Millésime Bio 2020

Montpellier,France
27th Jan 2020

Maisons Marques et Domaines Annual Tasting

London,United Kingdom
29th Jan 2020

Austrian Wine Tasting

London,United Kingdom
3rd Feb 2020
Click to view more