Unlike last week when interest was fixed on high value wines, this week traders turned their heads towards volume purchases. Indeed, total volume traded on the Exchange was up 38% on the previous week. Bordeaux’s trade share held steady, but the First Growths had little part to play: activity for the five Premier Cru dropped to a low 16.6% by value. The Liv-ex Fine Wine 50 – tracking their price movements – dipped 0.6%.
Instead, Bordeaux’s share was boosted by activity for popular names from the Left Bank with more accessible price tags. 87-point Lynch Bages 2012 was the most traded by value while Pape Clement 2012 – one of Robert Parker’s top reds of the vintage – came third in both tables.
As Liv-ex reported towards the beginning of the month, Chateaux of the Left Bank 200 Index, which represents several of this week’s top-trading wines, have been amongst the top performers since the market’s low.
Outside of Bordeaux, Sassicaia continued to find the bid: this week the 2011 saw good activity. Two Beaucastel vintages featured amongst the wines trading in high volumes, giving a small boost to the Rhone’s trade share.
