Burgundy wine market confidence still low, says Liv-ex

Burgundy wine market confidence still low, says Liv-ex

Liv-ex, a global marketplace for the trade, said in its latest Burgundy report that market confidence was at ‘historically low levels’. Trading is still taking place, although buyers have been acquiring fewer cases per purchase and paying lower prices, said Liv-ex’s report. It also said there are recent signs of sentiment ‘balancing out’, which adds to recent survey data suggesting fine wine prices in general may show more stability in 2025 afte…

Freaked by a number of historically low lots, the 64th wine sale of the Hospices de Nuits-Saint-Georges (Côte d'Or), a small sister of the prestigious auction of the Hospices de Beaune, raised less than 900,000 euros on Sunday, a 61% drop compared to last year.