Market exposure jumps £2.5m in three weeks

Posted by Rachel England on 1 November 2017

The total value of live bids and offers on Liv-ex – known as exposure – is up to a record £47.5m, marking a jump of £2.5m in just three weeks.

As Liv-ex notes, much of this exposure is being placed across a range of markets, not just Bordeaux. The chart above outlines two years of the bid:offer ratio across the Bordeaux 500 and Burgundy 150. Two years ago the secondary market for Burgundy had a bid:offer ratio below 1. Now, it stands at 2.3, higher than the Bordeaux 500’s ratio of 1.8.

This increased demand is reflected in price changes. As a blog post on Liv-ex explains: “The Burgundy 150 has increased 11.1% year-to-date as the ratio has climbed. At the same time the gradual subsiding of the bid:offer ratio within the Bordeaux 500 coincides with the weaker price growth for the region, which is up 5.7% in the same period.”

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