The end of the month brought a flurry of attractive parcels to market keeping buyers interested in spite of short term sterling volatility.
Bordeaux’s trade share fell to a rather low 60.1% as activity remained subdued outside of the First Growths. The Liv-ex 50 moved up and down with the currency, closing Thursday at 350.86, flat on the previous week.
Burgundy’s market share reached a year high of 17% as wines from Joseph Drouhin, Armand Rousseau and Georges Roumier all traded.
For once, the week’s most traded wine came from Piedmont thanks to Luciano Sandrone, Barolo Vigne 2008 found the bid in the volume.
Two relatively new wines on the market, Opus One 2014 and Carruades Lafite 2015, continue to attract interest as their prices keep climbing. The former has moved 5.6% since release in September, while Carruades is up 86% from its En Primeur debut.
Another wine that continues to attract attention is Margaux 1996. A Robert Parker and Neil Martin 100-point wine, this might provide pleasure to those looking to invest, as well as those looking to drink.
2017 Harvest Update
Earlier today Gavin Quinney provided us with his harvest and weather report for the Bordeaux 2017 vintage. Production is overall down a staggering 40-50%, but the losses are not evenly distributed, and some appellations on the Left Bank are rather pleased with the grapes that have been harvested.