Although the value of wine that traded on the Exchange fell slightly from the previous week, Bordeaux’s market share increased as a higher than average value of First Growths traded, encompassing just over 35% of trade by value.
Champagne’s market share remains high as large volumes of wines such as Perrier Jouet Belle Epoque 2008 and Salon Mesnil 2002 continue to find the bid.
The top five traded wines by value this week are all from Bordeaux. Lafite 2006, the most traded wine by value on the Exchange since Liv-ex’s inception, came top of the table for the first time in 2017.
Haut Brion 2007 is the third most traded wine for the second week in a row; the wine was awarded the highest score out of all the First Growth’s (94) from Neal Martin’s June retrospective of the 2007 vintage.
Liv-ex 50
The Liv-ex 50 reached 350.5 at close on Thursday, the highest level the index has been since the start of December 2011, and a 0.4 % increase on the previous week’s close. The index continues to climb as a consequence of the euro strengthening, which has lifted the value of many bids, as well as tightening spreads. Higher trading prices of Margaux 2005 and 2014 also helped to lift the level.
Elsewhere on Liv-ex
With the harvest fast approaching in France, Gavin Quinney provided Liv-ex with some considerations to mitigate what is already being described as the smallest harvest since 1945.
Yesterday Liv-ex published a spotlight on Rauzan Segla. The second growth has seen heightened activity on the secondary market in the past few years, helping the brand jump 28 places in the Liv-ex Power 100 the last time it was compiled.
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