The value of LIVE offers on Liv-ex surpassed £34million – a new record.
Trade by value and volume also rose this week. Bordeaux’s share improved from a record weekly low 31.4% to 44.9%, led by its 2016, 2014 and 2005 vintages. Champagne, Burgundy and Italy, which were in the trading spotlight last week, saw their shares of trade dip slightly.
The Rhone (7.6%), the USA (5%) and the “others” category (5%) made gains. Australia was particularly active once again, accounting for 4.6% of the total trade.
The most active wines were a rich mix. Guigal, Cote Rotie Mouline 2015 (JD 98-100) took the top spot with a last trade price at £2,942 per 12×75. Penfolds Grange 2015, which was released in the UK last week, placed second. It last traded at £3,850 per case, down 7% on its release price.
Mouton Rothschild and Angelus from the 2016 vintage were the most traded Bordeaux wines.
Bordeaux 2017: risers and fallers
This week, the UGC showcased the Bordeaux 2017 vintage in bottle to the UK trade. Ahead of the trade tasting, we analysed what has happened to the prices since release. On average, they are down 1% but the performance of individual wines has been mixed. To read the full article, click here.
This week’s releases