Buyers from Asia had their busiest week this year, accounting for just over 40% of trade, which helped to lift total weekly activity to its highest level in September.
However, increased buying could not prevent prices moving marginally down. This is despite little sterling movement, which has been the major driver of index change recently. Once again the Liv-ex 50 fell for four consecutive trading days, closing at 349.5 on Thursday evening, 0.2% lower than the previous week. The main index fallers have been amongst the 2012 and 2013 vintages.
Bordeaux’s market share fell to 65.7%, the lowest level since the start of August, even as the First Growth’s trade share increased from 14.5% to 22.2%. Lafite Rothschild 2010 was the most heavily traded wine amongst the First Growths.
The recently released Dom Perignon 2009 was the most traded wine by value, pushing Champagne’s trade share to a relatively high 11.8%. This week’s other champagne release, Pol Roger, Sir Winston Churchill 2006, is yet to trade.
Another relatively new wine, Opus One 2014 continues to find the bid in the volume. According to Decanter this has been the most successful September release for merchants, alongside Masseto 2014.