First Growths by brand

Much of the fine wine trade may have departed for their summer vacation but the last week on Liv-ex has highlighted several points of interest. The first is that the share of trade for Margaux and Haut Brion – the least-loved of the First Growths – is on the rise. In the last week the two wines accounted for 21% of trade by value, more than Latour, Lafite and Mouton Rothschild combined. A year ago the number was 3%. After taking a low 5% of trade last week Lafite’s share has risen to 9%, but higher volumes are coupled with declining prices: there is pressure to sell as the wine’s premium over the other Firsts continues to narrow.

Regional share

July saw Bordeaux account for just 76% of trade, its second lowest regional share in nine years. This week it sits at 85.3%: buyers and sellers would seem to have found harmonious ground. Yquem 05, which traded heavily, has dropped more than 50% from LVMH’s release price and consequently found the bid.

Top 5 traded by value

Italy takes second place in the regional share table this week, due largely to the activity around 96 point (AG) Sassicaia 2010, which traded at £1,000 per 12×75.