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%).
In the past year, the Port 50 has dipped 1%. By contrast, the broader market has been flat, while the Liv-ex 100 has fallen 1.5%. The Bordeaux 500 has dipped even more—2.8% since September 2018.
As the chart below shows, the performance of the Port 50 sub-indices has been somewhat mixed. The Graham index has risen 5.6%. Dow has been flat in the past year, while Taylor’s (-1.9%), Warre (-2.2%) and Fonseca (-5.2%) have dipped.
Benefiting from another year in bottle and no price increases, similarly to Sauternes, these Ports will make an even better tipple this festive season.
Readers should take note that the views of this author represent those of a company with an interest in the wine trade. Liv-ex operates the global marketplace for the wine trade. They have over 440 members from start-ups to established merchants and supply them with the data, trading and logistics services they need to price, source and sell wine more efficiently. Private collectors can view Liv-ex prices and value their portfolios using Cellar Watch and find regular market analysis on the blog. The opinions of Liv-ex are their own and do not represent those of Robert Parker Wine Advocate or Wine Journal. Liv-ex contributes articles to Wine Journal that we feel are of market relevance to readers, but we do not specifically endorse this company.
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The Fine Wine Market in 2019
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The post below is a summary of Liv-ex's recent report, The Fine Wine Market in 2019.