Trade by value and volume was down this week, but the Fine Wine 50 has continued to climb, closing Thursday at 333.37. Bordeaux put in another solid performance, similar to last week’s level and above October’s share of 76.2%.
First Growth trade was up at 23.7%. Latour was the most active, representing 22% of First Growth activity. It was followed closely by Lafite Rothschild and Mouton Rothschild, both representing 20%.
After seeing strong activity recently, trade for Champagne dipped this week. However, activity for the ‘Others’ was up. US brands, Dominus 2012 (WA 99) and Dominus 2013 (WA 100) were both active. The Californian 2012s and 2013s have been compared to the “great” Bordeaux vintages of 2009 and 2010. Robert Parker said the 2013 could be “one of the most epic and awesome vintages the North Coast of California has ever produced.”
Pape Clement 2009 (WA 95) was top by value again this week, but traded below its all-time high of £1,382 per 12×75. A number of high value Bordeaux traded with Petrus 2008 (WA 97), 2000 (WA 100), 2009 (WA 100) and 2005 (WA 97+) all finding the bid.
Leoville Las Cases 2007 (WA 91+) traded at an all-time high of £1,180 this week. It is up 31.1% this year from a trade price of £900 in January. It was in the top wines traded by value and volume.