The volume of wine traded on the Exchange held steady this week – but value surged as interest turned to higher priced wines. However it was not the First Growths that were pushing ahead: they represented a relatively low 22% of all trade by value. Instead, other Bordeaux Chateaux and rare wines from Burgundy found the bid. Burgundy’s trade share, which has recently been waning, was boosted as a result.
The top wines traded by both value and volume were two 100-point wines which have both been shown to offer relative value. While Pontet Canet 2009 is amongst the cheapest 100-point wines from Bordeaux, Montrose 2010 continues to trade at a discount to the Chateaux’s equally scored 2009.
Although the 2010 vintage continued to see good activity – it represented 19% of Bordeaux’s trade by value – 2012 was the most traded this week, taking 23%. Mouton Rothchild 2012, Lafite Rothschild 2012 and Lynch Bages 2012 each found positions in the tables.