Focus has remained on high value wines with the total value traded on the Exchange up on the previous week and volume up marginally. Bordeaux activity was solid at 82% with buyers targeting older vintages. Having climbed in October, the Fine Wine 50 was up 0.4%, closing Thursday on 334.58.
First Growth trade was up on last week at 25.9%. Lafite Rothschild was the most active First Growth and the 1982 vintage (WA 97+) traded at its highest level in five years. It was the second most traded wine by value this week.
Trade by value across the regions was stable: the Rhone and the ‘Others’ declined the most. Activity for Champagne has dipped in the last two weeks after seeing strong trade in September (9.6%) and October (8.3%). Louis Roederer, Cristal 2000 (WA 95) was, however, among the top wines traded by volume this week.
Activity for Italian wines was up with buyers focussing on the recent vintages. Super Tuscans – Sassicaia, Solaia, Masseto and Tignanello – all found the bid. Sassicaia 2013 (AG 93-96+) was in the top wines traded by volume.
Older high-value Bordeaux appeared in the top wines by value this week. Activity for Petrus was solid with the 1998 (WA 98) vintage top of the table. The 2002 (WA 90), 2003 (WA 93), 2005 (WA 97+), 2007 (WA 91) and 2010 (WA 100) vintages also traded. Robert Parker said Petrus 2010 was “stunningly rich, full-bodied and more tannic and classic than the 2009.”
The top wines traded by volume this week were mixed with low and high value wines both active. In his “2005 Bordeaux Retrospective” last year, Parker said Virginie de Valandraud 2005 (WA 92) was “a gorgeous, sexy wine to drink over the next 10-15 years.”