- Margaux 2015 tops trade by value
- Bordeaux 2017 analysis tool now available to Liv-ex members
- Bordeaux 2017 releases and critics scores available
- En Primeur survey results and academic study published
Activity on the market dipped slightly this week. Bordeaux’s share of trade by value edged up slightly but remains below March’s share. With most merchants expecting reduced demand for this year’s En Primeur campaign, many have been seeking value wines among the back vintages. Burgundy’s market share was also pushed up by a number of high-value DRC trades.
This week’s most active wine was Margaux 2015. Its last trade price of £12,900 per 12×75 represents a new high for the vintage which has been climbing since news emerged that it would be released in a commemorative bottle. The wine was also crowned ‘wine of the vintage’ by Liv-ex members in 2016.
En Primeur
Bordeaux 2017 analysis tool
We are pleased to announce the return of our analysis tool for this year’s En Primeur campaign. Available exclusively to Liv-ex members, the tool allows you to compare new releases to other vintages currently available on the market and assess their ‘fair value’ using regression analysis. Liv-ex members can log on using their existing username and password, here. A link to the tool can also be found under Bordeaux 2017 on the News and Insights section of liv-ex.com.
Releases
This week saw a flurry of Bordeaux 2017 releases. Palmer kicked off the week and released its Grand Vin 20% lower than the previous year. It’s second wine, Alter Ego, entered the market down 2% on the 2016 release. Coutet (€27.60) and Valandraud (€100) were also released later that morning. They were followed by several wines from Sauternes on Tuesday.
On Wednesday, Haut Batailley, which was purchased by the Cazes family last year, released its 2017 vintage. The wine was released above all other recent vintages in the market, inviting some to question if the Chateau is ‘repositioning’ itself.
Scores
A number of critics published Bordeaux 2017 reports this week. For a summary of the reports and their top scoring wines, click on the links below. Alternatively, you can compare their scores on our critics scores page, here.
Survey and report
Earlier this week we published the results of our annual En Primeur survey. Each year we ask our members their thoughts upon their return from tasting the new Bordeaux vintage. This year, members crowned Petrus wine of the vintage and revealed that on average they expect euro release prices to be 11.5% lower than last year. This is in contrast to findings by Syracuse University and Rensselaer Polytechnic Institute academics who expect a 2.02% rise for the First Growths and a 1.47% increase for other Left Bank producers.
As always you can stay up-to-date with all the analysis on this year’s En Primeur campaign on our Bordeaux 2017 pages here.
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