The Liv-ex Fine Wine 50 has continued its strong upward trend this week, reaching 277.94 on Wednesday – its highest level since mid-May 2014. As expected, trade by value and volume on the Exchange was slightly lower due to the approaching Easter holiday.
Bordeaux’s share of trade edged lower with the region taking 79.3% of market share by value. It has been a strong month for Bordeaux so far though, and this week’s total remains above February’s average of 76.4%. Burgundy achieved 6.9% of trade, while the ‘others’ share was at 8% this week – both the USA and Australia saw good levels of trade by value. Italy’s trade share dropped to 3.4%, below February’s average of 6.3%.
The First Growths saw good activity with Lafite Rothschild taking 38% of the First Growth share. Lafite Rothschild 2006 (WA 97) was the highest wine traded by value across the Exchange. Latour 2000 was also in the top ten wines traded by value after the Chateau announced the release of its grand vin 2000 and second wine, Forts Latour 2009 earlier in the week.
Montrose 2012 (WA 92+), Cos d’Estournel 2011 (WA 91) and Cos d’Estournel 2009 (WA 100) took the three top spots in terms of traded volume this week. High-scoring Australian Glaetzer Amon Ra Shiraz 2012 (WA 97+) also saw good trade on the Exchange.