In last month’s Market Report we revealed that the best-performing First Growth over the last six months has actually been Haut Brion – despite rapid price rises in Mouton and Lafite. Will Margaux be next to pick up the pace?

The past few days have seen an increase in demand for Margaux, with the 2005 and 2006 both trading at all-time highs. As you can see from the graph below (which tracks the First Growth's price movement against its total share of Liv-ex trade) Margaux accounted for 13 per cent of exchange turnover last week – its highest proportion of trade in well over a year. Will this increase in activity prompt a rise in prices?    

Margaux percentage of trade