First Growths See Their Trade Value Boosted

Peter Shakeshaft, Vin-XAs the long, hot summer mellows in to an unseasonally mild autumn so it would seem that the fine wine market is also bucking recent trends. Recently the Liv-ex 50 has seen some sustained upwards movement as so-called “off” vintages of the First Growths have surged in price in recent weeks. Indeed the Liv-ex 50 has reversed the dip of the summer and is back at levels not seen since June whilst Bordeaux’s share of trade is moving back towards 80% proving that it still continues to dominate trade in the fine wine market. This is borne out by the continued dominance of the First Growths who since September have accounted for 25% of weekly trade by value. However last week that share was closer to 35%.

2 trends have emerged since 2012. The focus on “off” vintages and the desire for Mouton.The attraction of Mouton has been its solid scores coupled with comparatively low prices relative to its peers. In particular its 2002 and 2008 vintages which offer drinkers the chance to acquire a First Growth at a decent discount to the more sought after vintages. For more information please click on article below.

http://www.thedrinksbusiness.com/2014/10/first-growths-see-trade-boost/?src=FW&dt=29-10-14