The Liv-ex Fine Wine 50 index has started the New Year positively despite widespread macro-economic uncertainty stemming from concerns over the health of the Chinese economy. The index is up 0.9% on last week at 267.21.
Trade was active, with total value up 68.4% on last week owing to lower levels seen previously over the festive holiday period. It was a strong week for First Growths, which took 34% of all trade by value. However, Bordeaux’s share was down on the previous week with Burgundy seeing a strong pick-up in its share of regional trade by value at 9.3% of the market.
Overall, 98-point Lafite Rothschild 2010 (Robert Parker) took the top spot in share in terms of value. 2010 was the most traded of Bordeaux vintages by volume in 2015 with 16.1% of all Bordeaux trade. This was followed closely by the 2009 vintage with 15.5% of trade by volume and 2008 with a 10.5% share.
Pontet Canet 2006 was in the spotlight after the Chateau released a tranche at €95 ex-Bordeaux, or £850 a case. It is available in the market at £590 (and last traded on Liv-ex for £565).
Italy also saw good improvement in its share of trade by value with Ornellaia 2007 (98 points from James Suckling), Sassicaia 2012 (95 points) seeing good levels of activity, while Sassicaia’s second wine, San Guido Guidalberto, had its 2011 among the top traded by volume.