- Lower market activity as the international trade decamps to Bordeaux
- Liv-ex members cautiously optimistic in 2018
- Jean-Marc Quarin and Roger Voss release Bordeaux 2017 scores
Primeurs 2017 tastings kept the market quiet for the second consecutive week. Despite thinner trading of First Growths, Bordeaux’s market share increased to 59.5% thanks to heavy activity for Right Bank brands such as Petrus and Cheval Blanc. Vintage Champagne proved popular, as attractive parcels of Krug, Collection 1989 and Dom Perignon 2009 lifted the region’s trade share to 12%.
This week’s two most traded wines by value come from the Right Bank. Cheval Blanc 1998, ‘Robert Parker’s last ever 100 point wine’ last traded for £5,661.
Liv-ex members fairly optimistic
Liv-ex members are expecting the fine wine market to rise in 2018, according to the results of a survey conducted in March.
On average, respondents expect the industry benchmark Liv-ex 100 index to increase by 3.7% this year to close on 324.48. This would represent a third year of gains for the market.
So far in 2018 the Liv-ex 100 has belied this optimism, falling for four consecutive months, albeit only losing 0.6% year-to-date.
Bordeaux 2017 scores
Earlier in the week Jean-Marc Quarin released his 2017 En Primeur scores. His top scoring wines included Petrus (98) and Ausone, Carmes Haut Brion, Cheval Blanc, Lafleur (97).
Yesterday Roger Voss published the first of his Bordeaux 2017 En Primeur scores on Wine Enthusiast. Voss concluded that “areas where there was no frost have resulted in an overall fine crop of early-drinking wines”. He awarded a top score of 98 points to Haut Brion.
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