Talking Trade – Broad market gains 0.7% in July

By August 3, 2018Talking trade
  • Broad market gains 0.7% in July
  • Liv-ex 50 flat, Liv-ex 100 down 0.7%
  • Bordeaux trade share picks up to 70%
  • Louis Roederer, Cristal 2008 most active wine for the second week in a row
  • Gavin Quinney Bordeaux 2018 report

The Liv-ex 1000 – the broadest measure of the market – gained 0.7% in July. A flat currency environment constrained the Liv-ex 50 which remained flat on June and hindered the Liv-ex 100 which lost 0.7%.

Market activity has been unusual in the last seven days. Bordeaux’s trade share jumped to 70% even as the First Growth’s market share fell to an exceptionally low 13.5%. Instead, the region’s trade has been supported by high-value Right Bank brand such as Petrus and Le Pin, as well as large volume transactions of Left Bank favourites like Lynch Bages.

Coinciding with thinner First Growth trading, the Liv-ex 50 closed Thursday at 357.8, down 0.03% on the previous week.

Louis Roederer, Cristal 2008 was the most active wine by both value and volume for the second week in a row. The last trade price of £2,110 per 12×75 is flat on the previous week.

Bordeaux 2018 – a game of two halves

Gavin Quinney shared with Liv-ex his thoughts on the Bordeaux 2018 vintage, which is shaping up to be a vintage of two halves. You can read the full report here.