Wine News 

Bordeaux First-Growth Share of Liv-ex Trade Drops to 20% in September

October 9, 2017

 

The share of Bordeaux first-growth estates in trade on the Liv-ex wine market in September fell to 20 percent from 32 percent, as the decline in the pound pushed prices lower, especially for the less-favored 2012 and 2013 vintages, according to Liv-ex's Cellar Watch monthly report.

One wine standing out from the crowd was Chateau Mouton-Rothschild 2000, which touched a new trading record of 16,315 pounds ($21,405)  per 12-bottle case in bond on the exchange, according to Cellar Watch. 

New releases onto the market during the month took the limelight, notably 2009 vintage Champagne from both Dom Perignon and Louis Roederer's Cristal, as well as the 2014 vintage of Opus One, the Napa Valley premium wine created by Baron Philippe de Rothschild and Robert Mondavi. Cellar Watch noted the total market value of bids and offers on the Liv-ex reached a new record of 45 million pounds. 

However all major Liv-ex indices for Bordeaux slipped during the month, with the Fine Wine 50 down 0.3 percent and the Fine Wine 100 down 0.2 percent, according to Cellar Watch.  The Liv-ex 1000, while down only 0.1 percent, registered its first decline in 22 months. 

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