- May was the most active month on Liv-ex since June 2011
- Bordeaux weekly trade share at 2018 high (73.4%)
- Lisa Perotti-Brown Bordeaux 1998 retrospective
- Cristal 2008 released
- Carruades Lafite 2017 released
A slower En Primeur campaign has been a boon for the secondary market; May’s overall trade value was the highest since June 2011 and 38% up on May 2017.
The driver behind this increase in trade has been Bordeaux, which reached a market share of 73.4% – the region’s highest share of weekly trade in 2018.
Concurrently the First Growths’ trade share increased to a new three-month high of 34.6%. Prices also picked up slightly; the Liv-ex Fine Wine 50 closed Thursday at 354.46, an increase of 0.3% on the same time last week.
Mission Haut Brion 2008 was this week’s most active wine. The last trade price of £1,650 represents an increase of 30% on the ex-London price.
Last night Lisa Perotti-Brown published some scores from a recent retrospective of Bordeaux 1998. There have been some fairly significant upward score revisions, some of which are highlighted in the table below.
Carruades Lafite 2017
Domaines Barons de Rothschild strategically timed the launch of Carruades Lafite 2017 on Tuesday to coincide with Vinexpo Hong Kong, given the wine’s popularity in the far east. As the cheapest offering in the market for now, those that can get their hands on stock will expect to see a healthy return on their investment.
On Wednesday Louis Roederer unveiled Cristal 2008, following on from Taittinger release of Comtes de Champagne 2007 last week. Both wines look an attractive proposition for those either looking to drink or invest.