Talking Trade – Old Bordeaux finds a new home
- Bordeaux trade share falls to 66.5%
- Haut Brion 1989 most active wine for the second week in a row
- Antonio Galloni and Chris Kissack scores published
- Lafleur 2017 released
Another flurry of bank holidays in the UK and France ground the Bordeaux 2017 campaign to a halt, with only Lafleur and handful of other chateaux using Wednesday and Friday morning as an opportunity to bring their wines to market. In the absence of young Bordeaux, the market’s attention turned to older vintages with attractive bids coming in for Latour 1982 and Haut Brion 1989 among others.
Prices for First Growths were lifted slightly by euro strength, leading the Liv-ex Fine Wine 50 to close Thursday at 353.82, an increase of 0.1% on the same time last week.
For the second week in a row the most active wine was Haut Brion 1989. The last trade price of £18,700 per 12×75 is new all-time high and represents an increase of 3.9% on the previous high.
Scores
Antonio Galloni and Chris Kissack were the last two major critics to publish their Bordeaux 2017 scores. Galloni favoured one side of the Gironde over the other declaring that 2017 is “very clearly a Right Bank vintage”. Kissack, on the other hand, suggested that it is “impossible to provide a truly succinct summary on a regional or even an appellation level”.
Releases
Lafleur 2017 was released on Wednesday morning and is being offered by merchants at £5,340 per 12×75, up 3.5% on the opening price of the 2016 vintage (£5,160). According to Decanter the release has been successful and ‘oversubscribed’.
