Live offers on Liv-ex hits £70million during January
Although January proved a tough month on the fine wine market, the total value of live offers on Liv-ex hit £70 million during the month, according to a recent Liv-ex monthly report.
It pointed out that the number of wines on offer on its platform in January had set a new record, with nearly 7,000 labels (LWIN7s) and 17,000 distinct wines including vintages (LWIN11s).
However, as previously reported, the market saw a dip in January, as the macro-economic factors started to bite. This was the biggest dip since November 2015, Liv-ex said, with the Liv-ex 1000 index down 0.8% during the month, and only the Burgundy 150 rising, up 0.4%, fuelled in part by the small vintages on the latest en primeur campaign.
Burgundy was led by Domaine de la Romanée-Conti Echezeaux Grand Cru 2018, up 13.4%, while two vintages of Coche-Dury Meursault, 2017 and 2013 also appeared in the rankings (up 13.3% and 12.5% respectively).
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Although the Champagne 50 sub-index was the worst performing sub-indices, falling 4.3%, there was some growth in Frist Growth prices, which rose 0.2% during January, led by the ‘off’ vintages such as Château Mouton Rothschild 2013 (6.2%) and 2011 (2.5%), and Château Lafite Rothschild 2017 (2.6%).
There was also continued momentum in sales of US wine, with the USA market share rising from 7.1% to 9.6%, led by Screaming Eagle The Flight 2019 and Opus One 2019, up 4.1% on its release price.
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