While global markets whipsawed, the Liv-ex Fine Wine 50 held steady this week (+0.1%) and remains up 1.8% year to date. Both value and volume traded on the Exchange increased, and Bordeaux’s trade share crept up towards 80% after dipping last week.
100-point (Robert Parker) Montrose 2009 was the most traded wine by value, with activity stimulated by an ex-Chateau release of the wine mid-week. It was offered by negociants at €240 per bottle but last traded on the Exchange for £1,830 per 12×75. This is equivalent to €201 per bottle, a 16.3% discount. This follows the ex-Chateau release of Pontet Canet 2006 in early January which similarly resulted in increased activity for the wine.
Italy saw another strong week, boosted by trade for Ornellaia 2010 (97 points, Antonio Galloni) and San Guido, Guidalberto 2012 (89 points). Popular brand Domaine Chevalier was also amongst high volume traders, seeing activity for its 93-point (Parker) 2008 vintage.