- Bordeaux trade share recovers to 55.5%
- Market activity at three-month low
- Moet & Chandon, Dom Perignon 2009 this week’s most traded wine
The first full week of the annual summer lull has seen Market activity hit a three-month low. Bordeaux’s trade share has recovered slightly from last week, rising from 43.5% to 55.5% even as the value of First Growth’s trading slipped lower. Instead, Right Bank brands such as Cheval Blanc and Figeac came to the rescue.
Champagne’s market share hit a yearly high of 19.1% thanks to trade for recent vintages of Dom Perignon and Cristal.
The pound hitting a ten-month low against the dollar helped to nudge the Liv-ex 50 upwards. The index closed Thursday at 358.62, up 0.05% on the previous week.
Moet & Chandon, Dom Perignon 2009 was this week’s most traded wine. Louis Roederer, Cristal Rose 2008 last trade price of £4,644 is a premium of 126.5% to the non-rose Champagne.
Super seconds and their seconds
Last week, Liv-ex examined the declining First Growth: Second Wine ratio. Among a selection of the super seconds and their respective second wines the gap is not narrowing at such a pace. For instance, the price growth of Cos d’Estournel has outpaced Pagodes Cos in the last year. Subsequently one can now buy 3.3 bottles of Pagodes for every bottle of Cos d’Estournel, compared to 3 bottles this time last year.
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