Trade dipped this week by both value and volume as merchants began to slow down ahead of the Christmas break. However, the Liv-ex Fine Wine 50 held steady, closing Thursday at 334.80. Bordeaux activity bounced back, with the region accounting for 77.7% by value. Champagne pulled back after seeing high activity last week.
First Growth activity also edged up this week, representing 23.5% of trade. Latour was the most active, followed by Mouton and Lafite. Latour 2000 was the second most traded wine by value and traded at its highest level since February 2014.
Pavie 2009, the fifth most active wine by value this week, traded at an all-time high of £3,070 per 12×75. Robert Parker said “this wine feels almost as if you could lose your palate in it” and awarded it 100-points. Pavie’s controversial 2003 vintage also traded at an all-time high recently.
Looking for weekend reading? This week, Liv-ex published the top ten traded wines of 2016 and had a look at Pape Clement, one of the top-performing Bordeaux wines this year.
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