With a number of wines from the 2005 Bordeaux vintage about to enter the Liv-ex 100, we face the difficult decision of which wines to include and remove (see the forthcoming July Market Report for full details of the changes). One of the ways we do this is by looking at the level of trade each wine attracts. The more a wine is traded – the more likely it is to be included in the index (although it has to fulfil other criteria too).
As you can see below, the 20 most traded wines by value are all red Bordeaux and almost entirely first growths – with only Mission Haut Brion, Cheval Blanc and Carruades de Lafite breaking the monopoly.
This is precisely why fine wine investors like to base a portfolio around these wines. More trade, means more liquidity; making it easier to obtain the wine, keep track of its value and then sell it. This is also why the Liv-ex 100 – which is designed to reflect the fine wine market – is dominated by top red Bordeaux.
The top 20 wines in terms of total value traded on the Liv-ex fine wine exchange (year to end of May 2008) are as follows:
|
1. Lafite Rothschild |
1996 |
|
2. Lafite Rothschild |
2006 |
|
3. Latour |
1996 |
|
4. Margaux |
1996 |
|
5. Cheval Blanc |
1998 |
|
6. Mouton Rothschild |
1996 |
|
7. Lafite Rothschild |
2005 |
|
8. Margaux |
2004 |
|
9. Mouton Rothschild |
2006 |
|
10. Lafite Rothschild |
2004 |
|
11. Lafite Rothschild |
2000 |
|
12. Margaux |
2006 |
|
13. Haut Brion |
1990 |
|
14. Mouton Rothschild |
1998 |
|
15. Mission Haut Brion |
2000 |
|
16. Margaux |
2005 |
|
17. Mouton Rothschild |
2001 |
|
18. Margaux |
2003 |
|
19. Carruades de Lafite |
2004 |
|
20. Haut Brion |
1998 |
