Talking Trade

Livex Fine Wine 50 Trade figures

After a positive start to March the Exchange continued to see high levels of activity and First Growth share of trade rose to 31.2% this week. However, the Liv-ex Fine Wine 50 dipped slightly.

Livex Fine Wine 50

Bordeaux’s overall share remained low at 70%, although rising on last week when the region accounted for 64.5% by value. Once again Italy and Champagne traded well.

Livex Fine Wine 50 Value

For the second week in a row, Italy’s share was buoyed by the recently released Brunello di Montalcino 2010 vintage which has been described as ‘iconic’ and ‘the vintage of a lifetime’ by Monica Larner and James Suckling respectively: Altesino, Brunello Montalcino 2010 traded well once again. From Champagne, Salon Mesnil 2002 and Louis Roederer, Cristal 2006 each traded in high quantities.

Livex Fine Wine 50 Volume

In the March 2015 Budget, will there be any changes to taxes on wines and spirits?  Our drinking pleasures are normally taxed higher each year however there are rumours that there will be no changes in this budget. We live in hope.

As you can see from the figures above, trading in first growth Bordeaux wines rose last week. No doubt the weaker Euro has encouraged this and now the Bordeaux chateaux have a wonderful opportunity to re-ignite real interest in their wines by pricing the 2014 Vintage En Primeur at prices that will encourage fine wine drinkers and collectors to invest in these wines 18 – 24 months before bottling.

The Union des Grands Crus (UGC) tastings are being held on 1st-3rd April when the wine trade buyers and merchants from all over the world descend on Bordeaux to taste samples of the Bordeaux 2014 vintage.

A full report on the vintage will follow.

Our thanks to LIV-Ex.com for the above figures.