Tag: liquidity

Listed: the Australian wines getting their prices right

Wine Lister’s Economics scores are based on a variety of price and liquidity metrics, including a wine’s three-month average bottle price, six-month price performance, and three-year CAGR. This week’s newly updated Listed section features the five top-scoring Australian wines by Economics score. Noticeably, all are red, and red wines outperform for Australia in this category (the top white, Leeuwin Estate Art Series Chardonnay, has an Economics score of 498, its top traded vintages only trading 10 bottles in auction over the past year). While there is quite a difference in points between the first and fifth wine on today’s list, all are considered very strong (750–900) or among the strongest (900+) wines in Wine Lister’s database.

Several of Australia’s best-known producers feature in our top five, including Penfolds, which accounts for the top two entrants: Penfolds Grange and Penfolds Bin 707 Cabernet Sauvignon. While both wines excel on three-month average bottle price and three-year CAGR, Penfolds Grange is particularly strong for liquidity, its top five trading vintages having traded 626 bottles over the past four quarters.

The third wine on this list, Torbreck Run Rig, experiences good trading volumes but has the lowest three-year CAGR of the five (3.27%). Fourth place goes to Henschke Mount Edelstone Shiraz, which is the lowest in price and sees fewer bottles traded than the others, but has an excellent six-month price performance of 11.88% and good price stability. Finally, the list is completed by Grant Burge Meshach Shiraz, which has one of the higher three-year CAGRs, at 6.4%.

Listed_Top five Australians

Don’t forget – if you’re not yet a subscriber to Wine Lister, you can still fully explore this week’s five Listed wines, and those for the previous four weeks, via the homepage

Liquidity gainers of Q4 2016

Trading volumes are a key measure of a wine’s success in the marketplace. To evaluate these, Wine Lister uses figures collated by Wine Market Journal from sales at the world’s major auction houses, looking at the total number of bottles sold of the top five vintages traded for each wine over the past four quarters.

A change in trading volumes impacts a wine’s Economics score. The chart below pulls out the biggest gainers in the last quarter of 2016, comparing auction data from the 12 months leading up to the end of Q3 2016 to data for the calendar year.

liquidity-changers

Wines from a variety of regions saw their Economics scores boosted by auction sales in the final quarter of 2016, suggesting a healthy broadening of interest in addition to the usual suspects.

Gaining most was Artadi Rioja Viñas de Gain, which saw trading volumes from January-December 2016 increase tenfold. Its Economics score remains relatively low, at 420/1000.

Australia and the Loire also made an appearance. Domaine Huet Cuvée Constance enjoys a very strong Economics score of 796/1000, and also excels in terms of Quality and Brand, leaving it with a very strong overall Wine Lister rating of 856/1000.

Burgundy is still on the rise at auction, and was the only region to feature twice, with Maison Louis Jadot Gevrey-Chambertin Premier Cru Lavaux Saint-Jacques and Domaine Hudelot-Noëllat Chambolle-Musigny.