While the value of wines traded this week on the Exchange remained stable on last week, volumes rose by close to a third. Trade for Bordeaux increased but activity for the First Growths stayed subdued, and the Liv-ex 50 drifted 0.3%.
The 2010s were once again popular, accounting for a quarter of all Bordeaux trade. The most traded by value was Pontet Canet 2010 – the cheapest 100-point wine available – which is praised by Parker for its “off-the-charts massiveness and intensity”. And in a week where Liv-ex looked back to its inception fifteen years ago, buyers looked back also: 1996 and 1998 were the seventh and eight most traded Bordeaux vintages by value.
Having noted yesterday that the first ever trade on Liv-ex was for Gruaud Larose 1982 (at £920 per 12×75) it was fitting that the wine also traded this morning, at £2,590.
