Indices Drift
All of Liv-ex’s main indices drifted in December. The Liv-ex 1000 fell 1%, led down by a drop in the Burgundy 150. Both the Liv-ex 100 and the Liv-ex Fine Wine 50 fell 0.1%.
Christmas Trading
Activity on the exchange remained relatively busy over Christmas, picking up further this week as the holidays drew to a close. Bordeaux’s trade share settled at 63.8%, slightly below the new normal established in 2017.
Trade for both red and white wines from Burgundy picked up at the start of 2018 as the region’s 2016 En Primeur Campaign commences.
Australia’s maket share touched 4.7% thanks to a large parcel of this week’s most traded wine, Penfolds Grange 2009, finding the bid.
The First Growths continue to trade well despite Bordeaux’s low trade share. Lafite Rothschild continues to the lead the way in, with both the 2006 and 2016 vintages trading in good volume over the last two weeks.
Emmanuel Rouget, Vosne Romanée Cros Parantoux 2015, awarded 97-99 points by Neal Martin who the described the wine as ‘an otherworldly experience’ traded for the first time at £17,606.
[mc4wp_form id=”18204″]
