- Champagne bubbling
- Margaux 2007 most active
- Bordeaux 2016: Where is the value?
- Liv-ex interview with Chris Blandy
Trade this week increased by both value and volume. Bordeaux’s share by value remained relatively stable at 54.4%. The Liv-ex Fine Wine 50, which tracks the price performance of the First Growths, was up 0.1% on last week. Margaux was the most active First Growth; its 2007 vintage, in particular, took the top spot in the most traded wines by value.
After rising last week, Burgundy and the Rhone pulled back to still strong 14.5% and 4.7%. At the same time, Italy and the Rest of the World rose to 9.6% and 4.7% respectively.
Champagne’s trade share by value also improved this week – it was up from 5.1% to 11.8%.
Indeed, Champagne proved popular. Two vintages of Louis Roederer, Cristal featured in the top five most active wines by value. Both the 2002 and 2008 last traded slightly below their current Market Prices, at £2,300 and £1,730 per 12×75 respectively.
Petrus 2003 ranked fourth, with a trade at £22,592 per 12×75, while the “superb and succulent” Domaine Ponsot Clos Roche Vv (97 WK) saw trade at £3,676.
Bordeaux 2016: Where is the value?
According to Liv-ex fair value methodology, Bordeaux 2016 offers better value for money than other recent vintages available in the market. About two thirds of the 2016 wines in the Bordeaux 500 fall below the trend line. For individual price analysis, click here.
Chris Blandy: a different Madeira
On Tuesday, we published our interview with Chris Blandy, the CEO and seventh-generation head of the Madeira Wine Company. In the interview, Blandy discusses Madeira’s wine production, his views on the secondary market and future business plans. Find out more.