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This month, the Liv-ex indices have continued to rise. The Liv-ex 100 – the industry leading benchmark – is currently at its highest level in five years and the Liv-ex 1000 – the broadest measure of the market – has reached record highs for four consecutive months. However, this week momentum slowed for the Liv-ex Fine wine 50 – tracking the daily price movement of the First Growths – which dropped 0.1% for the second week in a row.

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After a strong week, trade for Champagne and Italy dipped this week. Bordeaux activity climbed to 76.2% and the Rhone and the ‘Others’ both saw an increase in trade.

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Carruades Lafite 2014 was the highest traded wine by value this week. The 2011 vintage also saw high levels of activity and earlier this month traded at an all-time high of £1,744 per 12×75.

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The high scoring Pape Clement 2012 (WA 97) continues to trade well by both value and volume. The wine was the most traded by volume this week and saw a flurry of activity on the Exchange towards the end of November. Robert Parker describes the wine as “a candidate for near-perfection as well as one of the wines of the vintage”.

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Looking for weekend reading? This week, we published an interview with Giovanni Geddes da Filicaja, CEO of Ornellaia and Masseto. In the interview Giovanni discusses business strategy, the fine wine market and the relationship between Ornellaia and Masseto.