- Bordeaux trade share falls to 55.1%
- Liv-ex 50 up 0.5%
- Carruades Lafite 2016 most active wine
- Bill Harlan interview part one published
- Upcoming releases in September
A weaker pound helped to lift market activity from last week’s lull. Despite this, Bordeaux’s trade share declined slightly to 55.1%. Instead, activity for Champagne picked up, thanks to heavy trading of Perrier Jouet, Belle Epoque 2011 and Dom Perignon 2009. Burgundy’s share also increased, due largely to a few high-value transactions of Domaine Leroy.
Coinciding with sterling weakness, the Liv-ex 50 closed Thursday at 359.32, up 0.5% on the previous week and just marginally off a six and a half year high broken in June.
Carruades Lafite 2016 was the most active wine by value. The last trade price of £2,640 per 12×75 represents a 65% increase from the EP release price.
Bill Harlan Interview Part One
Yesterday Liv-ex published the first part of a recent interview with Bill Harlan, the owner of the eponymous Harlan Estate. In part one, Bill discusses the origins of Harlan and his vision for creating a Californian First Growth.
Coming in September
The start of September will see La Place de Bordeaux release onto the market new vintages of a selection of the most highly regarded wines from the USA, Italy and Chile and the Rhone. Earlier in the week Liv-ex previewed some of these up and coming releases, which have all been awarded high scores by a variety of wine critics.