Last week, Liv-ex looked at Bordeaux’s falling share of trade on the secondary market. The region has accounted for a low 67.2% so far in 2017 compared to 74.7% last year.
The First Growths’ market share has also dropped. Between 2010 and 2015, the wines combined trade share by value fell from 57.7% to 26%. So far in 2017, it has fallen to 24.6%.
Of the individual estates, all but one have seen a decline in trade share this year. Margaux received the lowest share of trade at 2.6%, closely followed by Latour at 2.7%. Haut Brion saw the biggest drop from 4.8% in 2016 to 3.2% so far in 2017 but continues to be the third most traded.
Lafite, on the other hand, has bucked the trend. While all the other First Growths have dropped, its trade share has risen to 10.3%. However, this is still far from the highs it reached in 2010 when it commanded over a third of market activity.
The Rothschild estate also rose in 2013 before dropping again. This begs the question: is this another temporary blip, or is Lafite a brand on the move once again?