After two weeks of falling value and volumes, Bordeaux bounced back to normal levels, reaching 67.3% market share. Trade was led by the First Growths and in particular Haut Brion, which was the most active brand.
The Fine Wine 50 rose 0.3% to close Thursday at 354.85. This is the fourth consecutive week that the index has risen.
Strong interest in Burgundy’s red wines shows no signs of abating. This week Georges Noellat was the most in demand producer, nudging the region up to 20.1% of trade. Australia also had a relatively busy seven days, accounting for 2.9% of activity.
Haut Brion 2000 was the most traded wine this week. It remains the cheapest First Growth of the millennium vintage.
Carruades Lafite 2015’s last trade price of £2,406 is 90% higher than its release price. Overall the price ratio between the First Growths and their second wines currently stands at 2.96, the lowest it has ever been. Compare this to its highest point in July 2007 when it was possible to buy 6.6 bottles of second wine for every bottle of the Grand Vin.
Also on Liv-ex
On Tuesday Liv-ex published an interview with Veronique Sanders, the General Manager at Haut Bailly. In this wide ranging interview Veronique discusses her career, the development of Haut Bailly and the Bordeaux market in general.