Market activity remains solid with trade by value up a tick on the previous week. The Liv-ex Fine Wine 50 rose 1.1%, closing Thursday at 327.68 – its highest level since April 2012. The market continues to receive a boost from a weaker Sterling which fell to a fresh 31-year low against the Dollar.
Bordeaux was particularly strong at 79.3% of trade by value. First Growths were more active and represented 27.5% of trade. Mouton Rothschild 2000 (WA 96+), Mouton Rothschild 2009 (WA 99) and Lafite Rothschild 2003 (WA 100) were in the top wines traded by value.
Burgundy and the ‘Others’ category were more active. Penfolds Grange saw good volume with a number of vintages trading on the Exchange. Burgundy saw DRC, Romanee Saint Vivant 2012 (WA 96), DRC, Richebourg 2012 (WA 97) and DRC, Romanee Saint Vivant 2012 (WA 96) trade this week.
Second wines were active again. Forts Latour 2009 (WA 94) was among the top wines traded by value and Pagodes Cos 2012 (WA 88) was the top wine traded by volume.