Top 10 traded wines by value in 2018: Haut Brion 1989 leads

Following on from last week’s blog post on the top 50 most searched for wines in 2018, today’s post looks at the top traded wines by value in 2018 so far.

As the table above shows, Haut Brion 1989 claimed the top spot. The wine has been rated 100 points by Robert Parker on several occasions. In his most recent tasting note, he described the wine as “one of the greatest young Bordeaux wines of the last half-century”. At 29 years old, supplies of the wine are diminishing and prices are rising. It’s most recent trade price of £25,000 per 12×75 represents an all-time high for the wine.

Perhaps unsurprisingly, a number of wines in the table are from the 2015 vintage that became physical this year. Three of the 2015 First Growths placed in the top ten. Lafite Rothschild 2015 ranked in second place, while the much sought-after Margaux 2015 closely followed in third.

Back in November 2017, it was announced that Margaux 2015 would be released in a commemorative bottle. Before this was revealed, the wine was bid at £6,600 on the market. Just a few days later it was bid at £7,500 per 12×75 and merchants reported strong demand. Since becoming physical early this year, demand for the wine has continued to increase. It last traded for £12,950 per 12×75.

Two Second Wines from the 2015 vintage also featured in the top ten. Carruades Lafite and Petit Mouton ranked 6th and 7th respectively. In a recent post, we highlighted how the Second Wines are closing the gap on the Firsts. Petit Mouton, for example, is currently the most expensive second wine relative to its first.

Almost all the wines in the top ten are from Bordeaux. Just two wines are from a different region: Champagne. Both Louis Roederer Cristal 2008 and Dom Perignon 2009 ranked 4th and 8th respectively.

Cheval Blanc 1998 was the 9th most traded wine by value so far this year. Back in May, Lisa Perotti-Brown MW scored the wine a perfect 100-points. A few days after Perotti-Brown’s score was published the wine traded at an all-time high of £6,120 per 12×75. This represents a 7% increase on its trade price of £5,696 at the end of April. The wine also received a similar boost back in March 2017, when Robert Parker upgraded the wine to 100 points in the Hedonist’s Gazette.