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08/03/2017

Investment Update - LiveTrade Additions and Q1 so far...

by The Investment Team

Whilst the Chancellor mulls plans (or may by now have delivered them) to punish drinkers with yet higher duty rates to boost his Brexit coffers, the Fine Wine market rolls on nicely into 2017. After a rush of orders pre-Chinese New Year chased prices up quite significantly, we saw a small blip while traders (and arguably, Asian wine consumers) paused for breath and decided what to do next. After this brief hiatus, the answer clearly appears to be ‘buy more and keep drinking’. Young Lafite, specifically 2012, ‘13 and ‘14, continues to find its way East with these, the cheapest physical vintages, leading the way. As a result sales of wines through our LiveTrade screen are up 20% on January/February 2016 and the BI LiveTrade Index sits quite happily at just over 140 – +17.25% year on year.

However for the first time it is not Bordeaux making the headlines, but Champagne. Taittinger Comtes de Champagne 2006 and Dom Perignon 2006 are the biggest volume and value sellers on LiveTrade; these are products in massive demand from both drinkers and investors. In fact Champagne has proven to be such a success on the LiveTrade screen that we are adding more – Philipponnat’s Clos des Goisses is the newest arrival, with both the 2004 and 2006 vintages now available with live buying and selling prices.

Another new addition to the LiveTrade screen is the Rhone, and specifically the 2009 and 2010 ‘Lalas’ from Guigal. These extraordinary wines have proven to be a valuable route to portfolio diversification for collectors and now with guaranteed liquidity and transparency it’s easy to see how these monumental wines will be eagerly traded by an even larger community.

With an expanded universe of wines , improved functionality, zero commissions and ever squeezed spreads – all First Growths now range from 5-8% - there has never been a better time to make use of the LiveTrade Platform.