Having briefly edged over the 288 level, the Liv-ex Fine Wine 50 dipped to close the week on 287.54, up 0.33% on last week’s close. Following an exceptionally high week of trade, both value and volume dropped a little, but remained above average.
It was an active week for Bordeaux, with the region’s market share by value rising above 85% for the first time since December. Only two 2015s traded – Pavie and Gruaud Larose – although the former was one of this week’s most traded wines. Buyers seeking value away from the new vintage frequently opted for the 2012, which accounted for almost a third of all Bordeaux trade.
Beyond Bordeaux, Sassicaia’s second wine San Guido Guidalberto 2013 found the bid, and trade for Penfolds, St Henri Shiraz 2012 pushed Australia’s market share to 1.1%.