After last week’s dip, this week saw Bordeaux’s market share return to 81% – the same as August. First Growths accounted for 32.7% of all trade. Lafite 2009 topped the trade by value chart and was accompanied by four other Bordeaux wines, two of which – Montrose 2010 and L’Evangile 2009 – have 100 points from Robert Parker. The Liv-ex 50 held steady for another week, rising 0.45%, and the bid/offer ratio remained above the all-important level of 0.5.
Italy continues to occupy traders’ minds, taking 7.3% of trade this week. High volumes of drinking wines suggest merchants are preparing for the Christmas season, and both San Guido 2011 and Fuligni, Brunello Montalcino 2008 appear in the top five. The Super Tuscans have also seen good levels of trade, especially recent vintages of Sassicaia and the newly released Masseto 2011, which scores 100 from James Suckling.
As the month draws to a close, we wait to see if September’s index levels will have the same note of optimism as August’s. With just four days to go, the Liv-ex 50 is currently up 0.14% on August. Would two months of the Liv-ex 50 and Liv-ex 100 on the rise be too much to ask for?