Trade on the exchange recovered after a quiet end to June. Bordeaux’s share remains strong at 73.9% but continues to slide from the previous two weeks. The First Growths trade remained rather low at 19.4%. Instead trade was more focused on Right Bank wines, such as Pavie.
Burgundy’s trade share fell due to a lack of big names trading, although the volume of white Burgundy trading continues to be higher than normal.
Large volumes of Sassicaia 2014 traded. The wine topped the trade by value table, and helped to propel Italian wines to their highest share of trade all year.
Lafite Rothschild 2007 found the bid this week. Last Friday Neal Martin published a 2007 retrospective, where he awarded the wine a score of 94 points. This is the same score that Robert Parker gave in 2010, when he declared that it was a “candidate for wine of the vintage”.
In the news
Liv-ex published the first part of its updated version of the 1855 classification. Some of the highlights include Mission Haut Brion clinging to its place amongst the First Growths, the elevation of Leoville Barton to the second tier, and the inclusion of Clos Marquis, Chasse Spleen and Cantemerle in the classification for the first time. You can see the results for the Left Bank here and read Jane Anson’s commentary on the results here.
Michelin has acquired a 40% stake in the Wine Advocate for an undisclosed amount, it was announced yesterday. The two organisations have already worked together on a series of events in Asia. Wine Advocate’s Lisa Perotti-Brown called the merger “an incredible means of offering fine food and wine lovers around the world even more”.