Total value traded on the Exchange increased marginally in the last seven days as a consequence of a greater traded volume. Activity remains slightly subdued while merchants dealt with new releases earlier in the week, including Seña 2015 and a trio of wines from the Verite estate.

In the later stages of the week an additional drag on the market has been sterling strengthening against both the euro and the dollar, causing foreign buyers to delay. Consequently, for the first time in nearly two months, pound buyers overtook euro buyers.

Bordeaux’s market share dipped for the second week in a row, down from 78.3% at the end of August, as once again the value of First Growths trading fell.

Rhone’s increased market share was a result of heavy trading for the newly released Beaucastel, Hommage a Jacques Perrin 2015 which traded below the ex-London price. Conversely another recent release, Krug 2004, last traded at £1,041 per 6×75, 9.6% higher than release.

Another recent release, Opus One 2014, was the most traded wine by value this week. The last trade price of £2,570 is an increase of 2.8% on the ex-London price from the start of September.

Elsewhere Lafite Rothschild 2014 continues to find the bid. This is currently the wine with the highest 12 month moving average of monthly traded value, making it the most liquid wine on Liv-ex.

Liv-ex in the News

The Financial Times published an article examining the 2016 En Primeur campaign which also included an up-to-date summary of the performance of certain wines in the secondary market since release.  Lafleur 2016, for instance, has increased in price by 54.1% since June.