The Liv-ex Fine Wine 50 index was steady this week as momentum slowed on the back of Sterling strength against the Euro. Market participants also remain focussed on the En Primeur price releases for the 2015 vintage.
It was a poor week for Bordeaux with the region achieving 73.8% of total trade by value, down from 83.3% last week and below the March average of 78.1%. Burgundy saw good trade and was boosted by Domaine Leroy, Vosne Romanee Beaumonts 2013 (WA 93-95) and DRC, Tache 2011 (WA 95). Both wines were third and sixth traded by value this week. Champagne also saw a good week with 6.0% of market share, up from 1.6% last week. This was boosted by Cristal 2007 – the fifth highest wine traded by volume.
First Growth trade represented 27.3% of total trade. Mouton Rothschild was the most active by value, representing 35% of First Growth trade.
Like last week, Petrus was well represented. Petrus 2009 (WA 100) was the top wine traded by value, with 96-point Petrus 1995, 100-point Petrus 1989 and 91-point Petrus 2007 all appearing in the top 20 wines traded by value this week.
Pape Clement 2009 was the third wine traded by volume after Robert Parker released a new batch of scores in the Hedonist’s Gazette last Friday, scoring the wine 100-points. It previously received 95-points in The Wine Advocate. Pape Clement 2009 is up 47.9% at £1,235 per 12×75 this week from £835 per 12×75 at the end of March. Sassicaia 2007 (AG 95) was the top wine traded by volume.