The Liv-ex Fine Wine 50 index edged higher this week, but momentum slowed as Sterling strengthened slightly against the Euro. Trade by value and volume on the Exchange was lower with the market entering the usual April lull ahead of the En Primeur price releases.
It was a good week for Bordeaux with the region achieving 83.3% of total trade by value, up marginally from 82.2% last week and above the March share of 78.1%. First Growth trade was lower at 19.3% of total trade. Mouton Rothschild and Lafite Rothschild were the most active, representing 32% and 30% of First Growth trade respectively.
Bordeaux’s share of trade was boosted by high value wines outside of the First Growths. Leoville Las Cases 1996 (WA 98) and 100-point Petrus 1989 and Cheval Blanc 2010 were the top three wines traded by value. The newly physical 2013s also remained in favour with buyers. Lafite Rothschild 2013 (WA 87-89) was in the top four wines traded by value. Lynch Bages 2013 (WA 86-88) was the second highest wine traded by volume.
Champagne trade share was down this week at 1.6% from 5.2% last week. The Rhone was up at 4.5% from 2.5% the previous week with three of its wines in the top five traded by volume.