Talking Trade – California 50 launched

  • Bordeaux trade share rises to 57.9%
  • Lafite 2005 most active winner
  • California 50 launched

After last week’s currency aided trade surge, this week’s activity has been more muted. Bordeaux’s market share rebounded from 50.6% to 57.9% thanks to greater activity for the First Growths. Burgundy also picked up due to some high-value trades of Domaine Leroy.

A stronger few days for sterling reversed the Liv-ex 50’s recent gains. The index closed Thursday at 357.52, down 0.2% on the previous week.

Lafite Rothschild 2005 was the most active wine by value. The last trade price of £34,300 per 12×75 represents a fall of 3.1% since the start of the year.

California here we come

Yesterday Liv-ex launched a brand new index, the California 50. This index tracks the performance of the last ten physical vintages of Screaming Eagle, Opus One, Dominus, Harlan Estate and Ridge Monte Bello.

Over a one-year period, the California 50 has significantly outperformed Liv-ex’s Bordeaux indices. Since July 2017 the index has gained 15.8%.

 


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