The Liv-ex Fine Wine 50 index rose up 0.3% this week to close at 269.7. The index continues to hold steady at the level it was at the beginning of October before it dipped 3% and hit a five-year low at the end of November last year. It currently sits just shy of its year high of 269.85.
It was a good week for Bordeaux with the region taking 83.9% of overall market share by value, up from the previous week and well above the average for 2015. The increase in the ‘others’ category was helped by brisk trade in Taylor 2003 (NM 95) that saw good trade at £528 per case.
Overall, trade by value was up 7.5% this week. Interestingly Bordeaux’s increased market share was not dominated by the First Growths but instead by good trade across the lower classified growths. Leoville Poyferre 2003 (Robert Parker 96), Lafite Rothschild 2012 (91) and Pichon Baron 2009 (98) took the top three spots.
Lafite 2012 has seen a good level of trade throughout the month with buyers looking to purchase the cheapest physical vintage available in the market in front of the Chinese New Year. Amongst the First Growths, it represented 47% of trade by value this week with Margaux the nearest of its peers with just 17% of First Growth trade by value.