After a slow fortnight, trade on the Exchange increased by both value and volume this week. Bordeaux’s market share increased marginally from 65.2% to 69.5%, although this remains below July’s average share.
Wines from ‘other’ regions accounted for a high 10.4% of activity by value, well above its July share of 3.9%. This was propelled by several trades for Penfolds Grange and Opus One.
The Liv-ex Fine Wine 50 Index continued to climb, closing Thursday on 348.79, up 0.4% on the previous week.
Although activity for Latour has been slow this year, its 2005 vintage was in the spotlight this week as the most traded wine by value. Both Robert Parker and Neal Martin have awarded the wine 98 points, with the latter calling it “a formidable wine”.
The other four wines that feature in the ‘top traded’ table have all received perfect 100-point scores from Robert Parker.
Haut Brion 2010 has recently seen a flurry of activity and rising prices. It last traded at £7,140 per 12×75. This is a record high for the wine on the secondary market, though this is still 6% off its En Primeur release price of £7,596. Neal Martin is in agreement with Parker on the quality of this wine, also scoring it 100.
Montrose 2010, also among this week’s top traded wines, has been on the rise since its upgrade to 100 points from Parker three years ago. Still, it is yet to catch up with fellow ‘perfect’ Montrose, the 2009, which last traded for 10% more than its younger sibling.
While Parker has scored both vintages 100 points, Neal Martin favours the 2010. He awarded it 99 compared to the 2009’s 98 points.
In the news:
This week, the drinks business published an article on how technology is becoming an increasingly vital part of the wine business. While the Belgian website Le Vif suggested some tips to invest in wine without risking a hangover.
Looking for more?
Earlier this week, four vintages of Calon Segur traded at all-time highs. Find out more here.