- Bordeaux weekly trade share increases to 70%
- Liv-ex 100 rises 0.3% in April
- Haut Brion 1989 is this week’s most traded wine
- Neal Martin and Antonio Galloni publish their Bordeaux 2017 scores
- Bordeaux 2017 releases continue
Despite bank holidays in Asia and France, market activity picked up significantly from the previous week. With the Bordeaux 2017 campaign now well and truly underway over 70% of trade on the secondary market came from the region – the region’s highest share of weekly trade in 2018.
The Liv-ex 100 rose 0.3% in April, thanks to a rally in the prices of Champagnes within the index, breaking a four-month run of falls.
This week’s most active wine was Haut Brion 1989. The wine carries 100 points from both Robert Parker and Neal Martin. The last trade price of £18,000 is an all-time high and represents a return of over 4,500% on the ex-London opening price of £360.
This week Neal Martin and Matthew Jukes joined the party, while Antonio Galloni is publishing the last of his scores later today. The scores of these critics and many others can be found in Liv-ex’s grid here.
Last year Liv-ex noted a trend of ‘increasing increases’, this year it looks like it could be a case of ‘decreasing decreases’. After last week’s price falls of 20%, Branaire Ducru and Langoa Barton decided to drop ex-negociant prices by 15%, while Pape Clement dropped by 7% .
Next week’s releases will most likely be stultified by a total of three bank holidays across France and the UK. In the downtime you might like to re-read our report, which can be found in English, and in French. Alternatively, if you would like to know what the sharpest minds in the wine trade think about the Bordeaux 2017 campaign, the results of our Members Survey can be found here.