Talking Trade
Trade on the exchange fell slightly after two strong weeks. Bordeaux’s share also dipped marginally, down to 75.7%, although this is still a strong performance in the context of the year to date. The First Growths accounted for 28.5% of trade, which included eleven different vintages of Lafite Rothschild finding the bid.
Burgundy staged a recovery thanks to an above average value of the region’s white wines trading. Louis Latour, Montrachet, 2008 became the first white Burgundy to enter the the top five trade by value table this year.
Figeac 2015 continues an impressive run, making it a third consecutive week in the trade by value table. Robert Parker 99-point Cheval Blanc 2009 leads the way, although at the last trade price of £6,300 it is 18.3% lower than its release price. It’s a similar picture for Margaux 2010, which also last traded 18% under its 2011 opening price.
Super Tuscan all-time highs
Two Super Tuscans from the 2008 vintage both traded at all-time highs earlier in the week. Sassicaia 2008 last traded at £1,600 per 12×75, up 8.25% for the year.
Meanwhile Tignanello 2008 last traded at £770 per 12×75, up 10% for the year.
Both wines have outperformed the Italy 100 Index, which has seen just a 4% increase in 2017.
Bordeaux 2016 Finale
Earlier today Liv-ex’s concluding comments on Bordeaux 2016 were published. The report concludes the En Primeur season for this year by looking at the wines that appear to be most overvalued or undervalued according to fair value methodology. You can view the report here.
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