Trade by value and volume were both lower this week but the Fine Wine 50 Index maintained its momentum and is now at its highest level since November 2013. It closed at 300.79, up 1.6% on the previous week.
Bordeaux’s trade share remained low. The First Growths represented 17.5% of total activity. Lafite Rothshild was the most active at 34% and Haut Brion was second at 29% of the First Growth’s share.
But buyers were focussed on Bordeaux quality. Petrus 2010 (WA 100), Haut Brion 2009 (WA 100), Petrus 2008 (WA 97) and Haut Brion 1989 (WA 100) were all in the top ten wines traded by value this week. Haut Brion 1989 traded at its highest level on the Exchange at £14,846 and the bid has since risen to £15,000.
It was a strong week for the ‘Others’ with the region representing 21.1% of activity by value. Australia’s share was particularly high at 17.6%. Penfolds, Grange 2009 (WA 97) was the top wine traded by value and Penfolds, Grange 2010 (WA 99) was also in the top ten. Opus One 2009 and Stag’s Leap Wine Cellars Cabernet Sauvignon Cask 23 2012 (WA 96) boosted the US’s share.
In terms of volume, Bordeaux garagistes were in favour this week with Fleur Morange second wine Fleur Morange Mathilde 2009 (WA 92) and 2010 (WA 93) top. Fleur Morange 2005 (WA 96) was also popular and was the sixth most active wine traded by volume this week.