Talking Trade – En Primeur concludes

As Bordeaux 2017 drew to a close, the region’s trade share fell to 61.3%, a four-week low, due to thinner trading of the First Growths, down from 30% to 24% of trade. At the same time, the Liv-ex Fine Wine 50 fell for the first time in four weeks, closing on Thursday at 357.58, a decrease of 0.2% on the previous week.

Burgundy’s market share remained very consistent as expensive parcels of Domaine Leroy, Musigny and DRC assortments changed hands.

Louis Roederer, Cristal 2008 was this week’s most active wine. Although the wine was placed into the market last month, the official launch took place on Wednesday. In the intervening period Antonio Galloni and Stephen Reinhardt have scored the vintage 98+ and 97+ respectively. This has helped to build demand for what was already a highly anticipated vintage. The last trade price of £1,920 represents a 34% increase on the official release price.

Bordeaux 2017 ends

A selection of the most prestigious wines from the Right Bank made up the final releases of this year’s campaign. Ausone,  Vieux Château Certan, Eglise Clinet and Cheval Blanc pitched above fair value and higher scoring vintages in the market. However, those that can get their hands on Le Pin can consider themselves fortunate given the attractive discount to fair value.

Liv-ex’s concluding En Primeur report will be published next week.


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