Bordeaux activity picked up this week with the region taking 68.7% of trade by value. Overall, trade by value was higher, but trade by volume edged lower as buyers focused on high value brands. The Fine Wine 50 dipped (-0.1%), closing Thursday at 336.92.
Bordeaux’s bounce back included a number of 2014s with Lafite 2014 (WA 94-96) and Cheval Blanc 2014 (WA 95-97) among the top wines traded by value. Cheval Blanc is one of the top-scoring wines of the vintage.
High-scoring Montrose 2014 (WA 95-97) also found the bid. It was released above expectations at £850 per 12×75 – making it the fourth most expensive vintage on the market at the time. The wine is now up 8% and last traded at £914.
It was also a busy week for Burgundy with DRC Tache 2006 and DRC Echezeaux 2012 trading. Italian, Altesino Brunello Montalcino 2010 was the top wine traded by volume for the second consecutive week.
Lynch Bages 2009 traded at just £58 under its all-time high of £1,338 it hit in 2012. It was awarded 98 points by Robert Parker and is up 37.6% over the last year.
Looking for weekend reading? This week, Liv-ex published two blogs on the broadening of the fine wine market – A more diverse market: the regional view and The long tail: fine wine market broadens. You can also read about Perfect Pavie 2009 hits new high.