With the UK trade away on Monday and the holiday season coming to a close, trade on the market dipped by both value and volume this week. The Liv-ex Fine Wine 50 made modest gains, up 0.3%. The index closed August up 3.1% on the previous month’s close.
All other Liv-ex indices closed August in positive territory, including the Liv-ex 1000 – the broadest measure of the market – which climbed 3% and closed at a record high.
This week, activity for Burgundy soared. The region accounted for 16% of activity by value boosted by high volume trades for Maison Leroy, Bourgogne Rouge 2003 and 2014. Trade for all other regions dipped, with the exception of Italy: Super Tuscan Masseto 2006 was among the top traded wines by value.
Clos Marquis 2009 and Giscours 2005 were among the top 5 wines traded by volume this week. Both reached their highest ever trade prices of £396 and £567 per 12×75 respectively. For Clos Marquis, this was a 22.6% increase on its previous trade price of £323.