This week Bordeaux’s weekly trade share hit a low for 2015, taking just 58% of trade – a further drop from the below average 66% last week. But is this merely a blip, or a more prolonged hangover from En Primeur?
It was not all bad news for Bordeaux, however: the Liv-ex 50 is showing a one-year gain for the first time since October 2013, up 0.6%. Whereas a year ago the index was dropping a couple of percentage points a week, it has been remarkably steady in 2015: just 2% volatility year to date. Whether stability holds following En Primeur remains to be seen.
Beyond Bordeaux, Italy continued to push ahead with an increased market share. Sassicaia featured in both top value and volume tables again, this time the 2009 vintage in place of the 2012. Meanwhile Salon Mesnil 2002, Louis Roederer Cristal 2006 and Bollinger Rd 2002 all found the bid and boosted Champagne’s share, continuing the trend of recent weeks. It seems the buyers are out there when the price is right.