The Liv-ex Fine Wine 50 closed yesterday on 286.60, up 0.4% on the week and at its highest closing level since March 2014. Value and volume of trade also rose on the previous week.
As we observed, the Bordeaux 2015 increases are increasing, and this week saw particularly high release prices. Increases on the 2014 releases were as much as 42% for Cos d’Estournel and 52.8% for Haut Bailly. Yet the latter – awarded 95-97 by Neal Martin and described as being “up there with the 2009 and 2010” – was also one of the week’s two 2015 trades, at £717 per 12×75. The other was Gruaud Larose 2015.
Despite some heavy trade for Duhart Milon 2011 and Lafite Rothschild 2014, Bordeaux’s market share by value slipped back to 66.8% as Burgundy and Italy powered ahead. The recently released Sassicaia 2013 (95-97 from the Wine Advocate’s Monica Larner) and its second wine San Guido Guidalberto 2013 (93) saw particularly good levels of trade, and were among the five wines most traded by both value and volume.
It was an interesting week for another 2013 – Larcis Ducasse. A trade for a single case of this wine became the first fully integrated trade on Liv-ex, connecting a private buyer in the US, via his merchant in New York, through Liv-ex to a merchant seller in Europe. You can read more about this in the Drinks Business.