Coming in the wake of a long period of Bordeaux-Bashing, welcome news for the region was the announcement that Bordeaux has regained its leading position with the lion’s share of wines on the podium of Liv-ex Power 100, an annual list of the most successful brands in terms of transactions released by London International Vintners Exchange which has become a benchmark for the fine wine market. Founded by former stockbrokers James Miles and Justin Gibbs at the turn of the millennium, Liv-Ex has today some 440 merchant members from 35 different countries trading on its exchange, providing it with valuable data for tracking fine wine prices. Brands are ranked according to four criteria: price performance, trading performance on Liv-ex (value and volume traded), the number of different wines and vintages traded, as well as the average price.
The latest power list restored the quintet of first growths from the 1855 classification (counting of course the revision of Mouton Rothschild’s status in 1973) as the top five brands for the first time since 2010. Fifty-seven of the 100 wines are from Bordeaux; 19 from Burgundy including DRC in spot N° 6 ; 9 from Italy; 6 from Champagne and 9 from other regions, including Spain’s Vega Sicilia and California’s Opus One and Screaming Eagle.
Two important factors seem to have powered the return of Bordeaux to its dominant position : the effects of a perceived stellar vintage in 2015, and a boost in spending on Bordeaux classified growths in the wake of the Brexit vote and the weakening pound.