The Liv-ex Fine Wine 50 has continued its rally higher this week, reaching 280.45 on Thursday – its highest level since the beginning of May 2014. The index has now risen for four consecutive months and is up 8.96 points (3.3%) from February’s close. This represents its largest month-on-month rise since January 2013, when it rose 3.45%. Trade by value and volume on the Exchange was also higher this week.
It was a good week for Champagne with the region achieving 5% of market share by value. This was boosted by Louis Roederer, Cristal 2007 that was the fourth highest wine traded by volume this week. Burgundy achieved 6.4% of trade, down slightly from the previous week, but in line with March’s average of 6.4%.
It was another good week for the ‘Others’ at 8.3% – with the USA representing 5.3% of market share by value. Scarecrow 2013 (WA 100) was the second highest wine traded by value this week. Bordeaux’s share of trade edged lower with the region taking 74.1% of market share.
The First Growths saw good activity with Lafite Rothschild and Mouton Rothschild both taking 28% of the First Growth share. Mouton 2010 (WA 97+) was the highest wine traded by value across the Exchange. High scoring Margaux 2000 (WA 100) and Latour 2009 (WA 100) were also in the top five wines traded by value.
Bordeaux was well-represented in volume, by Pontet Canet 2009 (WA 100), Montrose 2008 (WA 95) and Lynch Bages 2012 (WA 87).