January finished strongly, with last week’s trade increasing on both the value and volume of the previous week. Bordeaux’s trade share bounced back to 83% after having drifted for the last fortnight and the Liv-ex Fine Wine 50 held steady, while the bid/offer ratio remained above 0.5.
Bordeaux dominated the tables in terms of both value and volume, with the exception of San Guido Guidalberto 2012, which sits on the top traded by volume table for the third week in a row. For Bordeaux, the 2005 vintage once again stole the limelight, with Cheval Blanc and Cos d’Estournel seeing good activity. Click here to see our blog earlier this week on the ripple effect of Parker’s 2005 upgrades.
The last few months have seen Mouton Rothschild dominate trade for Bordeaux First Growths, with Lafite usually close behind. This week, Haut Brion - which we have seen offers value in terms of price and score - stepped up, accounting for 24% of First Growth trade. This was both as much as Lafite and also its highest share in 16 months. A sign that buyers are beginning to see its merits?