As we reported in the second week of July, the Liv-ex DRC Index (which tracks the price movement of the brand’s leading five crus) has been outperforming the Liv-ex 50 over the last year.
With Burgundy experiencing its third consecutive increase in market share in July (reaching 6%, whilst Bordeaux remained at an uncharacteristically low 86%), the region may be benefitting from the First Growths’ fall from favour.
Nevertheless, the DRC index has fallen slightly (2.8%) since its peak in May, suggesting that the brand was not immune from the prevailing climate.
With much of the trade currently away, however, and the Liv-ex 50 posting stable levels over the last six weeks, we cannot expect August’s end level to indicate the DRC Index’s future trajectory. September – just over a week away – will be the month to see which direction the Liv-ex 50’s level will go, and whether the DRC Index will regain its footing.