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Talking Trade – Champagne continues to sparkle

Market activity increased this week by both value and volume following last week’s three-month low. The Liv-ex 50, which tracks prices for the First Growths, closed Thursday on 357.94, down 0.3% on the previous week. Bordeaux’s trade share fell back to 50.6%, reversing gains from the previous week.

Champagne continued to trade well and the region maintained its share by value in the high teens (18.2%).

Wines from Italy and the ‘Others’ category saw increased activity. Large volumes of Tignanello 2014 and Ornellaia 2014 helped propel Italy’s trade, while Spain’s Vega Sicilia, Unico 2005 pushed up the ‘Others’.

Louis Roederer, Cristal 2008 was this week’s most active wine by both value and volume. In his latest tasting note, Antonio Galloni said that “although still a baby, the 2008 looks like it will soon take its place alongside the greatest Cristals”. He added that “today, it is breathtaking” and awarded 98+ points. The wine last traded for £2,110 per 12×75.

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