The Liv-ex Fine Wine 50 has maintained its upward momentum this week, reaching 284.05 on Thursday. This is its highest level since late March 2014. Trade by value and volume on the Exchange was also higher. There has been keen interest in Bordeaux 2013 now the vintage has started to become physically available.
It was a good week for Bordeaux with the region achieving 82.2% of total trade by value, up from 72.4% last week. This is above the March share of 78.1%. The First Growths were well represented with 40.9% of total trade by value. Haut Brion was the top performing amongst the classification. It represented 31% of First Growth market share.
Champagne saw good trade this week with 5.2% market share by value, up from 1.6% last week. The region was boosted by Cristal 2007. This was the third highest wine traded by value and the highest wine traded by volume. The ‘Others’ saw a sharp fall this week with only 2.4% market share compared to 8.7% last week.
Lafite Rothschild 2013 (WA 87-89) was the top wine traded by value this week. It was the third highest wine traded by volume. Highly scored, Haut Brion 2005 (WA 100) was the second highest wine traded by value and has performed well on the Exchange since it received an upgrade by Robert Parker from 98 points in June last year.
Overall, the 2013s have performed well this week and have appealed to buyers seeking value amongst the strong Bordeaux brands, regardless of quality. Four of of the top ten wines traded by volume this week were from the Bordeaux 2013 vintage. These consisted of Lafite Rothschild 2013, Armailhac 2013 (WA 85-87), Calon Segur 2013 (WA 92-94) and Lynch Bages 2013 (WA 86-88). Calon Segur 2013 was described by Robert Parker as, “unquestionably one of the stars of the vintage.”
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