Talking Trade – Lafite in focus

  • Lafite Rothschild 2011 most active
  • Fine wine prices in 2018: merchants’ predictions vs reality
  • Antonio Galloni Bordeaux 2016 scores coming
  • Coming soon: Liv-ex Burgundy report

This week’s trade increased by volume but dipped by value. Bordeaux improved, rising from 50.6% to 64.2% by value. It was helped by active First Growths, mainly Lafite, which accounted for over half of their trade. The Liv-ex 50, which tracks the price movements of the First Growths, was up by 0.3% on last Thursday’s close.

After reaching record highs last week, Burgundy’s share dipped to 13.5%. Our upcoming detailed report, due to be published early next week, will analyse the secondary market development of the region.

Champagne’s trade share has also been falling in the past two weeks after very strong Christmas activity. Other regions rose – the Rhone was up from 3.6% to 4.2% and Italy from 5.8% to 9.4%. About a third of the trade by volume was weighted to the latter, with some Brunellos coming into the limelight.

Still, the most active wines by value this week came from Bordeaux and Champagne. Lafite Rothschild 2011 was in the top spot – the vintage last traded at £4,800 per 12×75, a 3% discount on its release price. It was followed by Lafite 2000, which last traded at a higher £13,325 – an increase of 640% on its release price. The recently released Dom Perignon 2008 continued to see a flurry of trade on Liv-ex.

Fine wine prices in 2018

Every year in January, we ask our members – the largest pool of fine wine merchants globally – to estimate the closing level of the Liv-ex 100 index that December. On average, Liv-ex members predicted that the industry benchmark would increase by 3.7% in 2018 to close on 324.22. In reality, the index dipped 0.2% to close on 312.05. Find out more.

Antonio Galloni on Bordeaux 2016

Later today, Antonio Galloni will release his scores on the 2016 Bordeaux vintage in bottle. Stay tuned. We will cover his top-scoring wines once they are published on Vinous.

Burgundy has been the centre of recent attention, not only because of the 2017 En Primeur campaign. We will be releasing our in-depth report on its secondary market in the next few days.

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