Although the volume of trades rose on last week it continued to be the lower value wines that saw activity, which are unlikely to move the market. With the Liv-ex 50 drifting down 0.5% and the bid:offer ratio down to 0.43, it seems that the market is treading water at the moment.
Bordeaux’s regional trade share was once again at 81%, but the First Growths took just 26% of all trade. Interestingly, Mouton Rothschild was the most popular First Growth for the fourth week in a row, taking the lion’s share of their trade. Meanwhile the theme of “off” vintage Bordeaux continued: Mouton Rothschild 2007 – its cheapest physical vintage – was the second most traded wine by value.
Points of news created a buzz around a couple of wines this week. At the end of last week Parker scored Haut Bailly 2009 100 points in a review on the Hedonist’s Gazette. Having traded for £775 p/12×75 on 7th November, by the 10th it was trading for £1,125 – an increase of 45% – and was one of the top five wines traded by both value and volume. And although it doesn’t feature in the tables, there has also been good activity for Leoville Las Cases 2011, after Wine Spectator revealed it as their tenth top wine of 2014. The top wine is revealed today.
