- Weekly trade by value at its highest level in 2018
- Lafite Rothschild 2015 most active wine
- Bordeaux 2017 trundling on
- Port 2016 releases
- New Market Price logic launched
With the Bordeaux 2017 campaign not offering much in terms of excitement, activity on the secondary market jumped to a yearly high. Bordeaux and Burgundy increased their market shares as recent vintages from big names such as Lafite Rothschild and DRC found the bid.
Although the First Growths trade share increased to a three-month high of 31%, prices dropped slightly. As a consequence, the Liv-ex Fine Wine 50 closed Thursday at 353.44, a decrease of 0.2% on the same time last week.
Lafite Rothschild 2015 was the most active wine last week. The last trade price of £5,398 per 12×75 represents an increase of 24% on the En Primeur release price.
Non–Primeur
Bordeaux 2017 ground to a halt after Wednesday afternoon and is not likely to resume until after Vin-Expo Hong Kong finishes at the start of June.
On the whole the releases this week caused little excitement. In many cases, higher-scoring 2014s or even 2015s are available in the market for less. Wines from the new vintage have therefore looked unattractive in comparison. This week’s release included: Gloria, Croix Beaucaillou, Cantenac Brown, Saint Pierre, Phelan Segur, Lascombes, Beau Sejour Becot, Canon Gaffeliere, Quinault l’Enclos, Lagrange Saint Julien, Grand Puy Ducasse and Monbousquet.
The main success of the week was Lynch Bages 2017. Although it opened at a higher price than the current Market Price of its 2014 vintage, it is a UK favourite and came out at an attractive discount to fair value.
Port 2016 vintage declared
The 2016 Port vintage was the first general declaration since 2011. Information on release prices from the major Port shippers can be found here.
New Market Price logic
The Market Prices that you see on Liv-ex are now more accurate and up-to-date than ever before, and cover a broader range of wines. This week, we completed a refresh of our prices using a new and improved algorithm. This was run across 209,282 individual wines (LWIN11) in the Liv-ex database, covering 500 million data points. The procedure took six days and a cumulative processing time of 3,300 hours. Further information on this will follow next week.
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