After drifting from the start of October, the Liv-ex Fine Wine 50 Index began to show signs of recovery towards the end of November. It held steady (-0.1%) this week and is up 0.6% in December. With just one week to go until year end, it would need to gain 1.3% to close 2015 in positive territory.
While Champagne’s trade share dropped, Burgundy’s increased this week boosted by activity for Comte Vogue, Musigny Vv 2010 and Maison Leroy, Bourgogne Rouge 2003. Bordeaux’s trade share held just shy of 80% in spite of a slower week of trade for the First Growths which accounted for just 25.1% of activity overall.
Screaming Eagle, which has been a regular feature in the top traded by value table this year, appears again with its 2010 vintage. As well as trading frequently, its market price has been climbing: it is up 25% over two years.
Amongst the top volume traders this week is Pontet Canet 2007. With a market price of £470 it is one of the Chateau’s cheapest vintages.