The market saw a flurry of activity yesterday following the announcement of Robert Parker’s in-bottle scores for Bordeaux 2012, pushing the region’s share of trade by value up to 82.9%. Italy’s share dropped back after activity for Sassicaia 2012 and Brunello Montalcino 2010s – which have recently propped up the region – slowed down. The Liv-ex Fine Wine 50 held steady this week and closed the month up 0.7% on March’s close.
The top 5 traded wines by value this week all come from Bordeaux. The 2012 vintage dominates the table, while overall the vintage represented 26.9% of Bordeaux’s trade. The 2005s also continued to see high levels of activity, accounting for 15.3% of Bordeaux’s share.
The most traded wine by value this week was Haut Brion 2012 – Parker’s wine of the vintage – which was awarded 98 points in yesterday’s report. In barrel, it had received 93-95 points. As shown in the chart above, the wine saw high levels of secondary market activity and prices soared following the upgrade. It traded on Wednesday at £2,200 per 12×75 and at £2,778 one day later: a 26.3% increase.
The less favourably scored Lafite Rothschild 2012, which received 91 points after being awarded 92-95 in barrel also traded well. However, the majority of this activity took place before Parker’s scores were announced and trade prices dipped slightly today.
Writing in the Telegraph this week, Victoria Moore references Liv-ex’s ‘excellent analysis’ of the Bordeaux 2014 releases. To see all of the latest release reports – including charts and analysis – click here. A detailed list of key critic scores and prices, as well as the results of the Liv-ex members’ En Primeur survey, can be found on the Bordeaux 2014 pages.
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