The week trade was focused on two regions, Bordeaux and Burgundy, which accounted for a combined 86.7% of trade.
Bordeaux’s trade share was boosted mainly by a greater value of First Growths trading than in previous weeks. The Liv-ex Fine Wine 50 closed at 349.52 on Thursday evening, flat on the previous week’s close. The relative slowdown in the price movement of the First Growths was discussed on the Liv-ex blog on Tuesday.
Big names were also responsible for lifting Burgundy after a quiet September. Wines from the Domaine de la Romanée Conti and Domaine Ponsot both found the bid in relative volume.
Five wines from the left bank of Bordeaux, four of which are Robert Parker 100 pointers, were the most heavily traded on the market.
The price performance of two of these 100 point wines, Pontet Canet 2009 and 2010, has diverged in recent months. Pontet Canet 2009’s Market Price has fallen 5.7% since March, possibly linked to Neal Martin ‘downgrading’ the wine to 98 points in the February 2017 edition of the Wine Advocate. Pontet Canet 2010 on the other hand has seen no discernible change in price.
However, the idea that Neal Martin might have a unilateral ability to move the market is challenged by Montrose 2010. Although the official Wine Advocate score was updated from 100 to 99 points in March, since then the Market Price has increased 1.8%.