FW50

Last week attention turned towards more accessibly priced wines, but this week the focus was back on high value with a number of wines trading at fresh all-time highs. The total value of trade was higher, while total volume was lower than the previous week.

The Liv-ex Fine Wine 50 Index has put in one of its strongest performances. It has continued to firm, but momentum eased a little on the previous week as the slower summer period started to take hold. The index closed at 308.07 on Thursday, up 0.6% on the previous week.

Regional

Bordeaux trade was up marginally, but the largest increase came from the ‘Others’ category that was boosted by the USA. Opus One 2009 was in the top ten wines traded by value this week. Dominus 2008 (WA 99) and Continuum and Proprietary Red 2012 (WA 96) also found the bid.

First Growth trade was up on last week’s 15.5% share of total activity at 26.8% – its highest share since June. Mouton Rothschild was the most active, representing 49% of First Growth share and 13.2% of total trade this week. Mouton Rothschild 2008 (WA 94) was the top wine traded by value.

Value

High value and high scoring Bordeaux featured heavily among the top wines traded by value this week. Ausone 2003 (WA 100) traded at its highest level since January 2015 and Latour 2003 (WA 100) traded at its highest level since February 2014. Pape Clement 2005 (WA 99) traded at a new all-time high.

Volume

Outside of Bordeaux, Pierre Usseglio, Chateauneuf Du Pape 2010 (WA 93) was the top wine traded by volume. Robert Parker described it as “a full-bodied, rich wine with super purity.” Antinori, Guado Al Tasso 2011 (AG 96) also featured in the top five by volume this week and traded at an all-time high.