The start of October has seen activity on the Exchange reach a six-week high. Exposure – the total value of bids and offers – remains at a record high of £45 million. This is encouraging news to offset the fact the major Liv-ex indices all drifted in September. The Liv-ex 1000 fell for the first time in twenty-two months, off 0.14%, mainly as a consequence of Bordeaux prices falling marginally.
Despite trade increasing, Bordeaux’s market share continues to slide. This week only 62.7% of trade came from the region. The First Growths contributed 17%, compared to an average of 20% throughout the month of September. Traditionally First Growth trade share has been an indicator of market sentiment, a fall in September coincided with the Fine Wine 50 dropping 0.25%.
Italy’s trade share increased from 4.8% to 11.2% as older vintages of Sassicaia proved popular.
Amongst the top traded wines this week was the Robert Parker 100-point wine Hundred Acre, Kayli Morgan 2013. The region’s 2013 vintage was declared by Parker as “the greatest vintage I have ever tasted for Bordeaux varieties in Northern California.” 56 wines were given perfect 100 point scores.
Louis Roederer Cristal 2009 continues to trade frequently. The market for Champagne remains strong as we move into what is traditionally the busiest quarter for the region.