The Liv-ex Fine Wine 50 index was steady this week rising just 0.2% to 283.94. Trade by volume and value was lower with market participants out for the May Bank Holiday and Ascension Day in Europe. The market awaits the major En Primeur releases that are expected to begin next week.
Bordeaux trade share was down on the week with the region achieving 74.8% of total trade by value, well below the April average of 78.4%.
First Growth trade represented 24.5% of total trade. Mouton Rothschild and Haut Brion were the most active, representing 37% and 22% of First Growth trade by value.
Burgundy had another good week, boosted by trade in DRC, Tache 2011 (WA 95). Year-to-date, Burgundy is now back to second place behind Bordeaux in terms of share of trade by value, having fallen behind Italy last year.
Mouton Rothschild 2000 (WA 96+) was the most active wine traded by value this week. In April, it traded at its highest level of £13,200 per 12×75. This week it pulled back to £12,900.
Tignanello 2012 (AG 95) was the top wine by volume. This helped to boost Italy’s regional share of trade, which was up at 6.2% from 4.9% the previous week and well above April’s 2% average.
Pape Clement 2009 is still benefitting from Robert Parker’s Hedonist Gazette 100-point score and was at fifth place by volume. Lynch Bages 2009 (WA 98) was the third highest wine traded by value and the second highest by volume. Both wines helped boost the performance of the Left Bank 200 index, which is up 7.1% year-on-year. The Left Bank 200 is now the second best performing sub-index of the Bordeaux 500.