This week Bordeaux activity was lower with trade share picking up across the other regions. Burgundy, the Rhone and the ‘Others’ all saw an increase. Trade by value was lower, but trade by volume was up on the previous week.
The Fine Wine 50 Index continued to rise and closed at 312.58 on Thursday, up 0.9% on last week. Sterling hit its weakest level in a month against the Dollar and this continues to provide an incentive for Dollar and Euro-based buyers.
Bordeaux trade was down at 74.6% but was above July’s share of 69.5%. First Growth trade was lower at 19.2% from 32.6% last week. Lafite was the most active, representing 43% of First Growth activity with Margaux second at 23%. Lafite 2010 (WA 98) was in the top wines traded by value this week.
The Rhone saw activity increase with a focus on the Guigal La Las across a number of vintages. Guigal, Cote Rotie Mouline 2005 (WA 100) and Guigal, Cote Rotie Turque 2005 (WA 100), and lower scored Guigal, Cote Rotie Mouline 2005 (WA 95) all found the bid. The ‘Others’ region was boosted by trade in Australia’s Glaetzer, Amon Ra Shiraz 2013 (WA 96) which was in the top wines traded by volume this week.
Lynch Bages 2006 and Lynch Bages 2011 appeared in the top wines traded by value and both wines traded at all-time highs this week. The 2006 traded at £922 per 12×75 up 4.7% from a last trade price of £880. A number of wines have traded at all-time highs recently, including Angelus and Talbot.
Pontet Canet 2011 (WA 93) was in the top five wines traded by volume this week and is the most viewed wine on Liv-ex outside of the First Growths between January and July 2016.