The Liv-ex Fine Wine 50 has continued to push higher this week, reaching 282.41 on Thursday – its highest level since mid-April 2014. However, trade by value and volume on the Exchange was lower with most of the trade at Bordeaux for the UGC En Primeur tastings.
It was a good week for Burgundy with the region achieving 9.6% of total trade by value, up from 6.4% last week. This was boosted by DRC, Assortment 2011. Likewise, Italy saw its trade increase this week to 7.2% from 3.3% last week.
It was another good week for the ‘Others’ at 8.7% – with the USA representing 7.5% of market share by value. Screaming Eagle 2013 (WA 97+) and Screaming Eagle 2005 (WA 98) were in the top ten wines traded by value this week. Bordeaux’s share of trade edged lower with the region taking 72.4% of market share.
The First Growths saw good activity with Mouton Rothschild taking 29% of the First Growth share. Mouton Rothschild 2000 (WA 96+) was the second highest wine traded by value across the Exchange. Lafite Rothschild 2008 (WA 98) was also in the top five wines traded by value.
Bordeaux was well-represented in volume by Cos d’Estournel 2010 (WA 97+), Cheval Blanc 2007 (WA 91) and Rauzan Gassies 2013 (WA 81-83).
*DRC Assortment 2011 included Romanée-Conti x1, La Tâche x2, Montrachet x1, Grands Echézeaux x2, Richbourg x2, Echézeaux x2, Romanée St Vivant x2.