Market activity picked up this week, increasing by both value and volume. The Fine Wine 50 closed at 321.28, firming 0.8%. The index is now at its highest level since the beginning of May 2013.
Bordeaux activity was lower with the region taking 66.6% share of trade. Last week the region saw strong activity and a number of wines traded at all-time highs. First Growths were less active, representing just 16.3% of trade. Lafite Rothschild was the most active, and Lafite Rothschild 2005 (WA 96) the top wine traded by value.
It was a strong week for Champagne with its share of trade up at 12.4%. Bollinger, Grand Annee 2005, Bollinger, Special Cuvee NV (WA 91) and Taittinger, Comtes Champagne 2006 were all in the top wines traded by volume. The Champagne market has improved recently as the Cellar Watch September Market Report recently explored in detail. The Liv-ex Champagne 50 index has hit fresh highs in three consecutive months, climbing 5.6% since May. This is more than it moved in the three years between May 2013 and May 2016.
The ‘Others’ region also saw activity pick up. Wines from the USA were popular with Dominus 2008 (WA 99), 2009 (WA 97) and 2012 (98+) all trading this week. Liv-ex also saw its first ever trade for Chinese wine with Ao Yun 2013 trading between £1,410 and £1,600 per 6×75.
Second and third wines were active this week. Second wine of Sassicaia, San Guido, Guidalberto 2013 (AG 92) was the top wine traded by volume, while the third wine of Calon Segur, Chapelle Calon 2010 was second. This has been a growing trend with buyers increasingly looking for brand names at accessible price points.