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Talking Trade: Liv-ex 50 nears recent high

  • Bordeaux trade share falls to 55.1%
  • Liv-ex 50 up 0.5%
  • Carruades Lafite 2016 most active wine
  • Bill Harlan interview part one published
  • Upcoming releases in September

A weaker pound helped to lift market activity from last week’s lull. Despite this, Bordeaux’s trade share declined slightly to 55.1%. Instead, activity for Champagne picked up, thanks to heavy trading of Perrier Jouet, Belle Epoque 2011 and Dom Perignon 2009. Burgundy’s share also increased, due largely to a few high-value transactions of Domaine Leroy.

Coinciding with sterling weakness, the Liv-ex 50 closed Thursday at 359.32, up 0.5% on the previous week and just marginally off a six and a half year high broken in June.

Carruades Lafite 2016 was the most active wine by value. The last trade price of £2,640 per 12×75 represents a 65% increase from the EP release price.

Bill Harlan Interview Part One

Yesterday Liv-ex published the first part of a recent interview with Bill Harlan, the owner of the eponymous Harlan Estate. In part one, Bill discusses the origins of Harlan and his vision for creating a Californian First Growth.

Coming in September

The start of September will see La Place de Bordeaux release onto the market new vintages of a selection of the most highly regarded wines from the USA, Italy and Chile and the Rhone. Earlier in the week Liv-ex previewed some of these up and coming releases, which have all been awarded high scores by a variety of wine critics.

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