Anthony Maxwell, Liv-ex Director

Port: A Favorite Christmas Tipple

The Liv-ex Port 50 index, which tracks the price performance of the last ten physical vintages of the five most actively traded Port wines, has risen 15% over the past five years. It has underperformed against the industry benchmark, the Liv-ex 100 (31%), and the broadest measure of the market, the Liv-ex 1000 (48%)....

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Final Thought: The Changing Face of the Rhône

A year since our last update on the Rhône, it is time to examine the performance of this somewhat overlooked French fine wine region in the secondary market. The Rhône has undergone considerable broadening over the past decade, with the number of wines trading rising 761%. The number has doubled in the last three years alone. In the Liv-ex Classification 2019, which ranks the wines of the world on the basis price alone, the Rhône featured with 25 wines. Two of them qualified for the most expensive category, the 1st tier: Allemand, Cornas Reynard (with an average trade price of £3,502 per 12x75) and Domaine Jean Louis Chave, Hermitage (£2,910/12x75). There were 15 newcomers from the region.  So far this year, the Rhône 100 has matched the movements of the broader market, measured by the Liv-ex 1000, falling the same amount (-1.9%). Over one year, however, the Rhône (1.5%) is the fourth best performer, after Italy (5.1%), Champagne (3.7%) and Burgundy (2.6%). The Rest of the World 50 (-1.6%), Bordeaux 500 (-2.3%) and Bordeaux Legends 50 (-4.3%) indices have all lagged behind....

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Talking Trade: Haut-Brion 2009 Most Active

Trade by both value and volume dipped slightly this week. Bordeaux (59.5%), Burgundy (22.3%), Champagne (6.1%) and the USA (4.2%) all gained market share. Trade in Bordeaux was led by the 2009 and 2010 vintages, while that in Burgundy by the more recent 2017 and 2016....

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100-Point Masseto 2016 Released

The release is coming to the market at the same price as the 2015, which has risen 9% in value since its release last year.

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The Californian Wine Cult

Broadening trade and steadily rising prices point to a bright future for Californian wines on the market.

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Spotlight On Gaja

The Gaja story began in 1859, when Giovanni Gaja set up the winery with only two hectares of vineyards in Barbaresco.

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Why is Fine Wine Easier to Value than Art and Cars?

Common perceptions exist that these tangible assets, often put under the same roof, simply serve to diversify a portfolio; they are safe yet less liquid, and if worse comes to worst, can always be enjoyed.

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Regional Buying – At What Cost?

In the fine wine world, perceived value is not always synonymous with low prices.

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The Diverse Market for Fine Wine

Over the past decade, the fine wine market has diversified considerably. Regional trade has become much more balanced, rather than relying so heavily on Bordeaux, as we showed last week. Behind these regional trends, the number of different wines trading is also on the up....

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Final Thought: Bordeaux 2018, A Perplexing Vintage

The vintage was highly regarded among the critics—the extremely positive reception gave the campaign legs and turned some releases into great successes.

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