• The Rhone’s share of trade by value doubles
  • Figeac 2011 most active wine
  • Ornellaia 2016 released in the UK
  • James Suckling and Roger Voss on Bordeaux 2018
  • Offers on Liv-ex hit new record high

As excitement around Bordeaux 2018 continued this week, trade on the secondary market dipped slightly by both value and volume. Bordeaux maintained its share of trade by value at 64.8% and the Liv-ex 50 ran flat on last week’s close.

Burgundy climbed to 16.2%, though still below March levels. The Rhone’s share by value doubled this week – up from 3.1% to 6.2%. USA and the “others” category, which saw increased activity last week, pulled back to 0.4% and 3.4% respectively.

Bordeaux dominated the most active wines this week, with Jacques Frederic Mugnier, Musigny 2009 being the exception. The Burgundian wine last traded at £26,000 per 12×75 – a new high, as the chart below illustrates.

Figeac 2011 was in the top spot, with a recent trade at £876 per 12×75, up 17% on its release price. The 99-point Mouton Rothschild 2010 – “a modern-day benchmark for the First Growth”, according to Neal Martin, was also active. It last traded at £5,600 per 12×75.

Ornellaia 2016 released

This week saw the UK release of Ornellaia 2016 at £1,800 per 12×75. Monica Larner (WA) awarded the wine 96-98 points and said it delivered “the most beautiful sensations of softness, succulence and structure”. Find out more.

James Suckling and Roger Voss release Bordeaux 2018 scores

Yesterday evening (UK time), James Suckling released his scores on Bordeaux 2018. Suckling awarded three wines 100-points and gave eleven a barrel range of 99-100.

Meanwhile, Wine Enthusiast published Roger Voss’ thoughts on the vintage, which he described as “controversial”. Voss awarded Vieux Chateau Certain a range of 98-100, and another six wines 97-99 points.

Freelance wine writer, Panos Kakaviatos also shared his views on the 2018 vintage this week. You can read his thoughts on his blog, Wine Chronicles, here.

New record high on Liv-ex

The value of stock offered on Liv-ex hit a new record high this week, exceeding £30million. It has risen steeply over the past decade, having doubled in the last two years.

Offers have grown in the context of an increasingly active fine wine market but have also been supported by Liv-ex technology initiatives such as Wine Matcher and automated trading. Find out more.

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