LXFW50

Unlike last week when interest was fixed on high value wines, this week traders turned their heads towards volume purchases. Indeed, total volume traded on the Exchange was up 38% on the previous week. Bordeaux’s trade share held steady, but the First Growths had little part to play: activity for the five Premier Cru dropped to a low 16.6% by value. The Liv-ex Fine Wine 50 – tracking their price movements – dipped 0.6%.

Regional

Instead, Bordeaux’s share was boosted by activity for popular names from the Left Bank with more accessible price tags. 87-point Lynch Bages 2012 was the most traded by value while Pape Clement 2012 – one of Robert Parker’s top reds of the vintage – came third in both tables.

As Liv-ex reported towards the beginning of the month, Chateaux of the Left Bank 200 Index, which represents several of this week’s top-trading wines, have been amongst the top performers since the market’s low.

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Outside of Bordeaux, Sassicaia continued to find the bid: this week the 2011 saw good activity. Two Beaucastel vintages featured amongst the wines trading in high volumes, giving a small boost to the Rhone’s trade share.

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