A good start for 2015: the last week saw the highest value and volume of trade in six months. The Liv-ex Fine Wine 50 has held steady while the bid/offer ratio is back above the all-important 0.5: the point at which we usually start to see prices increase.
Bordeaux and First Growth trade dropped back slightly, but the 2005 and 2009 vintages continued to see good activity. Mouton Rothschild 2005 was one of the top traded wines by value for the second week running, following Parker’s upgrading of its score from 96 to 99+ at the end of December. Having traded at £3,550 per 12×75 on 22nd December, the wine seems to have found a level around £4,250: a rise of 19.7%.
lt was a strong week for Italy: the region accounted for 7.5% of all trade by value, buoyed by large trades for Sassicaia 2011, Guidalberto 2012 and Fuligni Brunello Montalcino 2008 and 2009. Wines from beyond France and Italy also saw good levels of trade, in particular Henschke Hill of Grace Shiraz from the 2006 and 2009 vintages, as well as Vega Sicilia Unico 2004.