Trade by value and volume was up this week, driven by activity for low value, high volume wines. The Fine Wine 50 was flat, closing Thursday at 339.76. Bordeaux activity slowed and was below February’s average share. Most other regions saw activity increase.
Italy was boosted by two Brunello Montalcino 2012s: Altesino and Argiano. A number of Super Tuscans – Sassicaia, Ornellaia and Tignanello – were also active. Sassicaia was the most traded with the 2013, 2010 and 2009 vintages all finding the bid. Sassicaia 2010 traded at £1,372 per 12×75 this week, just under its all-time high of £1,374 in August 2016.
Activity for Champagne was driven by Salon Mesnil 2004, Louis Roederer Cristal 2009 and Krug Vintage Brut 2002. Antonio Galloni has awarded 97+ points to Salon Mesnil 2004, calling it “bright, tense and crystalline.”
The top five wines traded by volume were from Bordeaux, Italy and Burgundy. Prieure Roch Nuits Saint Georges Clos Corvees 2013 and Altesino Brunello Montalcino 2012 were also among the top wines traded by value.
Last month, the top three traded Bordeaux vintages were 2010, 2005 and 2014. The most viewed individual wines pages were all First Growths or high-scoring Bordeaux, as shown in the table below.
90-point Lafite Rothschild 2013 hit an all-time high of £4,000 this week. It is up 25.5% year-on-year. Robert Parker described it as a “lightweight Lafite Rothschild that does improve with aeration… yet it never scales the heights of the greatest vintages from this First Growth.”
Looking for weekend reading? This week, Liv-ex published two blogs on its benchmark indices – Liv-ex 1000 increases 0.6% in February and Liv-ex gains 0.4% in February. Liv-ex also continued to look at wines from the Bordeaux 2007 vintage – Bordeaux 2007: value and performance of the First Growths.