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May 30, 2022 View:

Last week's trading summary Bordeaux Right Bank trading increased

The wine market traded lower last week due to Bordeaux en primeur tasting week, but the activity of Right Bank brands led to an increase in Bordeaux's market share, in addition to the release of the Bordeaux 2017 ratings by Jean-Marc Quarin and Roger Voss.

Image courtesy of: Liv-ex Blog

The market remained quiet for the second consecutive week due to the en primeur tasting of the 2017 vintage in Bordeaux. While First Growths traded lower, Bordeaux"s market share increased to 59.5% due to active trading of Right Bank brands such as Petrus Petrus and Cheval Blanc Blanc. Champagne continued to sell well, particularly Krug, Collection 1989 and Dom Perignon 2009, pushing the region's share of trade up to 12 percent.

The two highest grossing wines of the week both came from the Right Bank; the White Horse 1998, which achieved a perfect score of 100 on the Parker Final, sold for a final price of £5,661.

Liv-ex members remain optimistic

Liv-ex members expect the premium wine market to continue to strengthen in 2018, according to the results of a survey conducted in March. On average, respondents expect the industry benchmark Liv-ex 100 index to rise 3.7% this year to close at 324.48 points; this means they expect the market to see a third year of gains.

Since 2018, though, the Liv-ex 100 has lost its uptrend and has fallen slightly each month, with a current drop of 0.6 percent.

Bordeaux 2017 vintage ratings

Early last week, Jean-Marc Quarin released the en primeur scores for the 2017 vintage, with the top scoring wines including 98 points for Bertrand and Ausone, and 97 points for Carmes Haut Brion, Cheval Blanc and Lafleur.

Last Thursday, Roger Voss published his first Bordeaux 2017 vintage score on Wine Enthusiast (English content); the highest score was achieved by King Marquis (98). He concluded that most of the wine regions that were not affected by the frost produced excellent wines that could be drunk early.