The Liv-ex Fine Wine 50 continued to firm and closed at 318.82 on Thursday, up 0.3% on the previous week. It is now at its highest level since May 2013. Market activity improved with value and volume up on last week. Bordeaux activity was brisk with the region taking a 77.8% share of trade.
First Growths were more active, led by Lafite 2013 (WA 87-89) – the top wine traded by value. Haut Brion 2012 (WA 98) was also in the top wines traded by value and hit a fresh high of £3,092 per 12×75. It continues to be a popular wine and was heralded as “one of the stars of the vintage” by Robert Parker.
It was a strong week for Italy with its share of trade up at 8.1%. Tignanello 2013 and Sassicaia 2013 (WA 97) both saw good volume on the Exchange. Sassicaia 2013 traded at an all-time high of £1,100.
Pape Clement 2012 (WA 97) has seen a flurry of activity since the beginning of the month. It was the second wine traded by volume and hit a fresh high of £728. Robert Parker said it is “a truly great wine and not far off their magnificent 2005 and 2010.” The 2005 was awarded 99 points and the 2010 was awarded a perfect 100-point score.