Fine Wine Drifts In October, Still In Positive Territory For Year

November 04, 2015

Trading activity on the Liv-ex exchange reached its highest level since March but the Fine Wine 100 index went down 0.6%, following a flat August and September. Nonetheless, the index is still in positive territory on the year-to-date, up 0.7%.

Despite losing ground to Italy and Champagne recently, three Burgundian labels were among the month’s best performers: Domaine de la Romanée-Conti’s 2009 and 2010 La Tâche rising 6.2% and 13.4% respectively to over £20,000 a case each and Ponsot’s 2012 Clos de la Roche Vieilles Vignes was the month’s top mover up 23% to £3,937.

Also up were 2007 Yquem (7.3%) and 2010 Montrose which is back around the £1,600 a case mark – a barrier it appears to be struggling to break despite its ‘perfect’ Robert Parker score.

The month’s biggest losers were mainly Bordeaux: 2003 Margaux, 2009 Latour and 2000 Léoville Las Cases fell 4.9%, 4.9% and 5.7% respectively, while Opus One’s 2010 fell 6.2%.

If Burgundy dominated the top trades it also represented the biggest loss as well, Armand Rousseau’s 2012 Chambertin falling 11.6% to end the month at £9,555 per case.

The Liv-ex 1000 meanwhile sank 0.2% last month but, like the Fine Wine 100, still remains in positive territory so far this year.

Continue reading: The Drinks Business





Also in News

Bottle of wine sells for a record $558,000
Bottle of wine sells for a record $558,000

October 15, 2018

A 73-year-old bottle of French Burgundy became the most expensive bottle of wine ever sold at auction, fetching $558,000

Continue Reading

US-Colombian billionaire buys stake in France's Petrus vineyard
US-Colombian billionaire buys stake in France's Petrus vineyard

September 07, 2018

Financier and philanthropist Alejandro Santo Domingo has bought a 20-percent stake in Petrus, the family-owned vineyard behind one of the most sought-after Bordeaux reds on the planet, a source close to the family told AFP on Friday.

Continue Reading

The Life Cycle of Champagne
The Life Cycle of Champagne

August 22, 2018

How do you make an older wine taste younger? Or a younger wine taste older?

Continue Reading