As has been the case throughout November, Burgundy’s market share remains high, this week equalling 17.5% of trade. It has not fallen below 10% since the start of October. However, in the last seven days the focus has been on the region’s white wines, which accounted for 9.2% of activity compared to the 8.3% contributed by the reds. Yesterday Liv-ex published a spotlight on Armand Rousseau, one of the most in demand producers at the moment.
Bordeaux’s trade share fell for the third week in a row. Overall November’s share of 61.7% was one of the lowest ever recorded on Liv-ex, joint with January this year. In spite of this, Liv-ex’s heavily Bordeaux-weighted index, the Liv-ex 100 gained 1.3% in the past month.
The Liv-ex 50 also continues to rise, closing Thursday at 353.93, up 0.2% for the week. Over November this index has climbed 0.9%. Latour 2010 and Lafite Rothschild 2010 were the two most significant wines to move up in price.
This week’s most active wine was Opus One 2014, which has seen lots of interest on the exchange since the its release in September.
Haut Brion 1988 was the most interesting trade of the week, finding the bid in a relatively large volume for a vintage that is approaching its 30th birthday.
Margaux Mania
Earlier today Chateau Margaux released some more of their highly sought after 2015 vintage onto the market at €800 a bottle, lifting the Market Price on Liv-ex to £9,882 per 12×75. Notwithstanding the premium this wine is trading at because of the special label on its bottle, the table below highlights the slightly unusual pricing in highly scored Margaux back vintages in the market at present.
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