The Liv-ex Fine Wine 50 Index is up 0.2% this week at 285.4. Trade by value and volume was higher with activity increasing after Vinexpo in Hong Kong. The pace of the 2015 En Primeur campaign has picked up significantly and this has seen buyers looking for value across the back vintages.
Bordeaux accounted for 76.5% of total trade by value. This is up from last week, and above May’s average of 66.6%. May’s share was Bordeaux’s lowest month since June 2015 when the region represented 65.5% of market share. Bordeaux activity typically sees a drop during the En Primeur campaign as buyers sit on the sidelines to consider the new vintage.
The First Growths represented 26.4% of total trade. Mouton Rothschild and Haut Brion were the most active for the second week running, representing 24% and 22% respectively.
It was a good week for Burgundy with the region accounting for 11.2% of trade. This was boosted by DRC Romanee Conti 2003 (WA 95) – the second wine traded by value this week. Champagne was down as a region at 7.3%, but has been well-represented by “brand” Bollinger. Bollinger, Rd 2002 and Bollinger, Grande Annee 2005 were both offered on the Exchange in good volume and at a good price.
Likewise, Carmes Haut Brion has seen good volume after the 2015 was released this week. Carmes Haut Brion 2010 (WA 90) was the second wine traded by volume and is available in the secondary market at a 7.5% discount to the 2015.