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Talking Trade: 22nd – 28th May

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With this year’s En Primeur campaign coming to a close, trade on the Exchange was up in both value and volume terms – though Lafite Rothschild 2014 was the only one of this year's releases to see any secondary market activity this week. The Liv-ex Fine Wine 50 ran flat and First Growth trade share increased to 37% from 26.1%.

While the First Growths traded well, Bordeaux’s overall share dropped below 70% as attention turned towards Italy and ‘Other’ regions. The latter represented 8.1% of all trade by value – its highest weekly share so far this year. This was boosted by the “truly world-class” (Robert Parker) 100-point Screaming Eagle 2012 which alone accounted for 4.2%.

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After being elevated to ‘wine of the vintage’ in Robert Parker’s rescore of Bordeaux 2012, Haut Brion 2012 continued to see high levels of activity. Also trading well – but not quite making the Top 5 table – was Montrose 2010, which took 3.1% by value. It was upgraded to a perfect 100 points by Parker in August last year and last traded at £1,420 per 12×75 – 22% lower than the last trade of the 2009 (also 100 points).

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Sassicaia 2012 returned to the spotlight after a number of quiet weeks for the vintage, appearing amongst the top five wines traded by both value and volume. Its second wine San Guido Guidalberto also caught buyers’ eyes this week: its 2011 vintage was the second most traded wine by volume.

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