Talking Trade
Trade on the Exchange dipped slightly from last week. Bordeaux’s trade share continues to remain above 70%, rising to 76.7% in the last seven days, despite a decrease in the volume traded. Burgundy also saw a slight increase in trade by value, thanks to increased activity from the region’s white wines.
The 2014s were the most heavily traded Bordeaux vintage. Lafite Rothschild 2014 topped the trade by value table for the second time in three weeks. The wine’s last trade price is 57.2% higher than its release, a more impressive performance than Trotanoy 2014, which is up 14.2% over the same time period.
Altesino, Brunello Montalcino was the second most traded wine by value, on account of it being the most traded wine by volume. Despite Italy’s trade share slipping to 6.4%, the volume of Italian wine traded on the Exchange accounted for over 30% of the total.
Liv-ex Classification 2017
Earlier in the week Liv-ex published the second half of its 2017 classification. You can view the results for the second wines here, and the Right Bank here.
For the very first time the classification was extended to include wines from outside of Bordeaux. Wines from six countries have achieved places in the classification: France (Rhone, Champagne, Burgundy), Italy, Spain, the USA, Australia and Chile.
Of the 31 First Growths, Burgundy dominates, accounting for 13 of the top category. Unsurprisingly, DRC Romanee Conti tops the table. Screaming Eagle is the highest-priced wine from outside of Burgundy. Masseto is Italy’s only First Growth while Pingus represents Spain. Penfolds Grange and Henschke Hill of Grace represent Australia.
You can explore the full results of the rest of the world classification here.
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