Activity on the Exchange slowed down a little this week as we begin to enter the summer holiday season. However, the market held steady: the Liv-ex Fine Wine 50 began to creep up after sliding last week and Bordeaux’s trade share remained around 75% after a weak month of trade for the region in June.
Activity for Bordeaux 2005s dropped back significantly: red wines from the vintage represented only 2.6% of all trade by value compared to a high 37% last week. The region’s share was instead boosted by good levels of activity for Pavie 2012 and Lynch Bages 2008. From the USA, 100-point Screaming Eagle 2012 featured amongst the most traded wines for the fourth week running.
Italy remained a force, accounting for 12.2% of all trade. Sassicaia 2012 once again propped up the region while Rampolla, Alceo 2008 and Argiano, Brunello Montalcino 2010 both traded in high volumes.