In our end of year report we predicted that the new normal for Bordeaux’s trade share would be below 70%. This week the region’s market share dropped to 43.2%, the lowest since February 2017. It’s expected that such a low figure will be a one off, reflecting that the wine trade’s attention has been focused on Burgundy 2016 alongside new releases of Brunello Montalcino, rather than the First Growths.

Despite lower activity prices remain resilient: the Fine Wine 50 closed Thursday at 354.86, flat on the previous week.

One First Growth bucking the trend is Margaux 2015 which traded for the first time this morning at £5,750 per 6×75.

Italian wines attained their highest ever weekly market share on Liv-ex as some large parcels came to market. Sassicaia 2014, one of the most active wines of 2017, traded at £1,101 per 12×75.

The 100 point Conterno, Barolo Riserva Monfortino 2010 found the bid at £12,300 per 12×75.

Also on Liv-ex

On Tuesday Liv-ex compared the 1998 vintages of Haut Brion and Mouton Rothschild. Mouton has raced ahead in the last few months, will Haut Brion now follow suit?

In the news

It was announced earlier in the week that Chris Wilmers has taken over the management of Haut-Bailly following the passing of his father, Bob, who died in December last year.