The Liv-ex Fine Wine 50 Index dipped 0.5% this week, closing on 284.7. Trade by value and volume also declined, with attention instead turning to Vinexpo in Hong Kong. This also caused the pace of En Primeur releases to slow considerably. Sterling has continued to firm against the Euro.
Bordeaux accounted for 68.8% of total trade by value. This was down on last week, and below the April average of 78.4%. First Growths represented 21.1% of total trade. Mouton Rothschild and Haut Brion were the most active, representing 39% and 21% of First Growth trade respectively.
It was a good week for Champagne with the region representing 11.3% of activity. This was boosted by interest in the newly released Salon, Mesnil 2004 and Salon, Mesnil 2002 (AG 96+). Both appear in the top five wines traded by value.
Vega Sicilia, Unico 2007 (WA 95) and Opus One 2012 (WA 96) boosted the trade share of the ‘others’ category: both appeared in the top ten wines traded by value.
Pontet Canet 2011 (WA 93+) and Pape Clement 2012 (WA 97) continue to see good trade. Both fell narrowly outside of the top volume table and have seen increased activity since their respective 2015s were released. Pontet Canet 2011 is the cheapest of the recent back vintages. Pape Clement 2012 was among Parker’s top five wines of the 2012 vintage.