Despite a decline in volume, the value of wine traded on the Exchange climbed from last week. Bordeaux’s trade share fell to below 70% for the first time since the start of June.
However, the total value of trade for the First Growths doubled in the last seven days, suggesting the top end of the market remains buoyant. The Liv-ex Fine Wine 50 edged above 346 for the first time in over five years, to close at 346.62 on Thursday, up 0.2% on the same time last week.
Champagne’s share of trade was at its highest level year to date. A large trade of Piper Heisdeck, Rare 2002 was supported by the trade of other brands such as Dom Perignon and Ruinart.
Burgundy’s trade share also edged up, thanks to a few high value, low volume trades such as an assortment of DRC from the 1999 vintage.
Mouton Rothschild 2014 topped the trade by value table for the first time. This is the second week in a row that a wine from the 2014 vintage has come top.
Second in the table is Lafite Rothschild 2008, which last traded for £6,800, a price that is 47.6% lower than the all-time-high the wine reached in February 2011.
Co-incidentally, the 2008 and 2014 vintages have been the first and second most traded Bordeaux vintages thus far in July.