May was a busy month for the Fine Wine industry. The first of the 2020 vintages were released. The month was fairly slow, with only a few big names being released, these being Leoville and Langoa Barton, Cheval Blanc, Lafon Rochet and more. Even though the month was slow, the returns from the comparable 2019 vintages had a slight rise in price, increasing 8.5% ex-negociant and 5.3% UK trade.
In other news, Champagne trade share reached a one year high, with both white and rose touching record prices. The champagne 50 is leading the Liv-ex 1000 every year, in hopes to push the market to new highs.
The Liv-ex 100 index hit 12 months of consecutive gains in May, gaining 0.7% for the month, meaning the index is up 13.2% over the year, which is a lovely return in our eyes.