Trade by volume and value was down again this week. However, the Liv-ex 50 index increased 0.3% week on week, and is now down just 1.4% on 2014’s close.
Bordeaux First Growths accounted for 37.4% of all trade, dominated by Lafite which represented 43.1% of First Growth trade by value. Lafite 2010 (RP 98), Lafite 2012 (RP 91) and 100-point Lafite 2003 were among the top ten traded wines by value. Lafite 2012 has recently seen good demand at its current price level.
Activity for Bordeaux is stronger than recent months, down marginally from last week but remaining above the record it established when it took its highest weekly share of the market for eight months at the beginning of December. Elsewhere, Burgundy saw its share of trade by value down week on week, but Champagne, Italy and Rhone all saw an increase in market share by value over the same period.
Trade by volume appears to have been driven by buyers seeking value, with lower priced Sassicaia’s second wine San Guido Guidalberto 2013 (awarded 92-points by Antonio Galloni) taking the top spot.