Talking Trade: 9-15th October
Read more at http://blog.liv-ex.com/2015/10/talking-trade-9-15th-october.html
While the Liv-ex Fine Wine 50 drifted 0.1% this week, Bordeaux’s trade share rose above 80%. Italy had another strong week, while Burgundy’s share continued to wane.
The major theme of the week was Bordeaux 2010, which dominated the table of top wines traded by value. Overall, the vintage represented 42.8% of all Bordeaux trade. Released at the peak of the market, its prices were in decline until recently. Haut Brion 2010, which is down 26.3% from release, was the most traded. 100-point Montrose 2010 – trading below the equally scored 2009 vintage – also saw good activity.
(In a blog post this week, we looked at other instances of price gaps between equally scored 2009 and 2010 wines.)
Italy’s trade share was boosted this week by activity for several wines including Gaja, Magari 2012 and Petrolo, Galatrona 2012 which both feature in the top volume table. Masseto 2009 and 2006 also found the bid.
