Both the Liv-ex 50 and Bordeaux trade picked up this week, with the former rising 0.5% and the latter accounting for almost three quarters of all trade, following last week’s low of 52.3%. As merchants and consumers alike began to drift back after the summer break, trade rose 14% by value and 18% by volume.
Bordeaux also dominated the most traded by value table. Two 100 point wines took first and second place this week, although vastly separated by price: at the one end was high-value Petrus 2000, and at the other Pontet Canet 2010, the cheapest 100 point Bordeaux available. Despite being knocked off the top spot by Mouton as Liv-ex’s most searched-for wine, Lafite still managed to have two vintages feature amongst the most traded this week, with the 2010 now trading at 10% below its ex-Chateau release price. Meanwhile, Parker’s Angelus and Pavie mini verticals are due later today – although neither was amongst the most traded, bid/offer exposure levels for the wines have risen.
Beyond Bordeaux, Italy continued to see high levels of activity, taking 10.4% of all trade by value and accounting for the three most traded wines by volume this week. San Guido Difese (the third wine of Sassicaia) 2013 and 2011 traded in large numbers, while buyers also opted for the 95 point (Antonio Galloni) Tignanello 2011.
Champagne continued to take an above-average share of trade with 7.3% by value. Salon Mesnil 1999 in particular found the bid, accounting for 2.6% of total trade.