Talking Trade – Haut Brion 2009 most active

  • Bordeaux and Burgundy make gains
  • Haut Brion 2009 leads weekly trade by value
  • Liv-ex indices in September
  • DRC: has it reached its limit?

Trade by both value and volume dipped slightly this week. Bordeaux (59.5%), Burgundy (22.3%), Champagne (6.1%) and the USA (4.2%) all gained market share. Trade in Bordeaux was led by the 2009 and 2010 vintages, while that in Burgundy by the more recent 2017 and 2016.

Meanwhile, Italy’s share fell to 3.2%. You can find out more about its market performance, and its rising annual trade share, in our latest extended report, The fine wines of Italy: past, present and future.

Haut Brion 2009 (LPB 100, JS 100) was the most active wine in the beginning of October. It last traded at £6,055 per 12×75, down 22% on its release price of £7,800 per case. How do Haut Brion and Mission Haut Brion relate to each other in the market? This week we took a look at this relationship, here.

Two other First Growths followed: Mouton Rothschild 2000 and Margaux 1996. From Burgundy, Joseph Drouhin, Montrachet Marquis Laguiche 2017 also featured in the top five most traded wines.

Liv-ex indices in September

The Liv-ex 1000 – the broadest measure of the fine wine market – rose 0.3% in September to close on 360.88. The Burgundy 150 was the biggest riser, up 2.6%, while the Bordeaux Legends 50 dipped the most (-0.9%).

The industry benchmark, the Liv-ex 100, and the Fine Wine 50 index dipped 0.3% last month.

Have DRC prices peaked?

Yesterday, we looked back at the DRC/First Growth ratio, which indicated that one could buy almost ten bottles of First Growths for the price of one bottle of DRC. However, the gap between DRC and the First Growths has not widened any further in 2019. It has dipped 2% in recent months. Find out more here.