The Liv-ex Fine Wine 50 edged lower this week, closing on 287.09. Both value and volume were also down. Sterling increased at the beginning of the week in the run up to the EU referendum as markets started to price in a ‘Remain’ victory. Today the currency has plummeted on news that the ‘Leave’ campaign was victorious. There has been active dollar-based trade on the Exchange overnight as a result.
Bordeaux share by value was lower at 71.5%. The First Growths represented 14.4% of total trade. Mouton Rothschild was the most active, representing 44% and Lafite Rothschild was second, representing 21%. Six Bordeaux 2015s were traded: Beychevelle, Clinet, Pape Clement, Pontet Canet, Figeac and Branaire Ducru.
It was a good week for Italy with the region taking 9.7% by value. This was boosted by Sassicaia 2005 which was the second highest wine traded by value, while Einaudi, Barolo 2000 was the second highest by volume. The ‘Others’ share was also higher. This was boosted by strong volumes of Trimbach, Riesling Clos St Hune 2008 (Alsace) and Pingus 2007 and 2011 (Spain).
Bordeaux was well represented by volume with four of the top five wines from the region. Cos d’Estournel 2011 was the most active by value and volume. Pape Clement 2012, one of Parker’s top five wines of the vintage, continued to see good trade.
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