Bordeaux dominates fine wine trade on Liv-ex
First Growths fell back from previous peaks to account for only 27 percent of all trade on fine wine marketplace Liv-ex in the week through September 24, the London-based platform reported on Friday.
Despite three of the premier crus appearing in the top five, the five wines’ share was about a third off from last week’s figure. However, other wines from the region saw lively trade and Bordeaux’s share as part of the total surged to over 80 percent, as compared with 68.3 percent last week.
All other regions’ trade shares suffered, with Champagne crashing down to 7.6 percent from 18.6 percent last week, despite strong demand for Moet & Chandon, Dom Perignon 2005.
In terms of individual wines, Montrose 2010, at £1,550 per 12-bottle case, claimed the top spot with a 7.7 percent trade share by value. Moet & Chandon’s 2005 Dom (£810) was second with 5.4 percent, while Margaux 2001 (£2,820), Haut Brion 2010 (£5,450) and Lafite 2005 (£5,696) completed the top five.
Volume-wise, Moet & Chandon’s Dom was well above the competition with a 7.5 percent share. Montrose’s 2010 accounted for 5.4 percent, while Branaire Ducru 2009 (£380), Dow 1997 (£255) and Leoville Poyferre 2011 (£395) followed.
Meanwhile, Chicago-based auction house Hart Davis reported last week that its September 18-19 sale brought in $5.4 million in gross proceeds versus a pre-sale estimate of $3.8–$5.8 million.
Bordeaux and Burgundy led the sale, with wines from the two regions fetching a total of $1.9 million and $1.8 million, respectively.