As is always the case, activity on the exchange slowed down in the run up to Christmas. In thinner trading, Bordeaux’s market share reached 73.2%, the highest level since mid-October. The main driver of this increase was greater activity for high value right bank brands such as Le Pin and Petrus, as the value of First Growths trading fell week-on-week.
The Fine Wine 50 rose, closing Thursday at 353.66, up 0.2% from last week’s close.
Burgundy’s trade share fell to a 3-month low as volumes dropped.
The two most recent physical vintages of Lafite Rothschild are among the most traded wines this week. These wines have been the best performing Lafite vintages this year, the 2014’s market price has increased 23.7%, while the 2013’s has jumped 17.5%.
In conjunction with The Drinks Business, Liv-ex has released the twelfth edition of the Liv-ex Power 100 – the annual list of the most powerful brands in the fine wine market.
This year, Burgundy has been the star of the show. The list contains 24 Burgundy brands compared to 19 in 2016, and 22 of the top 50 price performers are from Burgundy. The region’s success has been boosted by increased demand in the Asian markets.
You can view the full list here.
Liv-ex will remain open throughout the Christmas and New Year period, with the office manned on all days, bar the public holidays. The exchange remains open for business all day, every day. There is currently over £18 million worth of stock live, something that definitely merits your attention once you tire of your family and friends.