Last Friday we described Bordeaux’s extremely low trade share of 43.2% was described as a ‘one-off’. This week market share increased, but only to 50%. It is still expected that market share will rebound in the medium term, as dollar weakness and the wine trade’s focus on other regions are currently contributing to decreased levels of Bordeaux trade.
Subsequently The Fine Wine 50 fell for the first week this year, closing Thursday at 353.37, down 0.4% on the previous week.
Rhone’s trade share shot up to 20.6% as the release of Jeb Dunnuck’s updated scores for the Rhone 2015 vintage inspired a flurry of buying and selling. In total twelve wines received perfect 100 point scores.
The most heavily traded Rhone was Paul Jaboulet Aine, Hermitage Chapelle 2015. The wine’s price moved 22% from the start of trading on Wednesday to the end of trading on Thursday, as sellers priced in the value of Jeb’s 100 points.
Also on Liv-ex
Liv-ex released a short video explaining DMA, Direct Market Access. DMA automates buying and selling on Liv-ex. It has helped several Liv-ex members to grow their sales exponentially.
Our most recent spotlight on examined Petrus, a wine which has outperformed the Bordeaux market for the last five years.
Chinese readers might be interested in Lookvin’s interview with Liv-ex MD James Miles, which can be found here.