- DRC, Romanee Conti 2016 leads trade by value
- Liv-ex interview with Matthew Jukes
- The diverse market for fine wine
Trade by value dipped on last week. The Liv-ex 50, which tracks the daily price movements of the First Growths, also fell by 0.05%. While Bordeaux’s share remained relatively stable at 56.6% (just below June’s levels), regions such as Burgundy, Italy and the Rhone saw increased activity.
Within the ‘others’ category, which rose from 1.9% to 2.5%, Australia led trade by value, accounting for 1.2% of the total. The region was particularly helped by active Clarendon Hills and Penfolds.
This week, we also published an interview with Matthew Jukes – one of the world’s leading experts on Australian wine. In our conversation, Jukes acknowledged the “incredible level of quality found in all corners of the country coupled with the extraordinary value for money”. You can read it in full here.
The most active wines this week were divided between Bordeaux and Burgundy. DRC Romanee Conti 2016 took the top spot; its last traded at £211,000 per 12×75, packed as 3×75. Lafite Rothschild 2005 followed – the wine last traded up 94.6% on its release price of £3,750 per 12×75.
Ausone 2015 was also very active this week. Neal Martin recently upgraded the wine’s score in his report “Finally: Bordeaux 2015 in bottle”. Its last trade price of £7,092 per 12×75 represents an increase of 27% on its release (£5,600 per 12×75).
The diversity in fine wine
Over the past decade, the fine wine market has diversified considerably. So far this year, 4,924 distinct wines – vintage included – have traded. The biggest increase, compared to 2010, can be seen in the number of Italian wines trading, up from 61 to 530 – an impressive 769%. Read the full article here.