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May 30, 2022 View:

Liv-ex Weekly Trading Summary Bordeaux 2019 vintage enters the market

This week continues to be a busy one for Bordeaux and internationally traded vintners. About 85% of the Bordeaux 2019 vintage is now released.

Image courtesy of: Liv-ex

Neal Martin and Antonio Galloni published the report on Vinous together; it includes new scores for more than 1,200 wines. Despite the perplexing smile in the title of Neal Martin"s 2019 report, his notes and scores reiterate that 2019 will be one of the outstanding vintages. However, the industry has noted that this week's release price reductions have been less dramatic than in previous weeks.

This week, Figeac Figeac 2019 is the first wine to be released and the only wine to be reduced in price by 30% from the 2018 vintage. Priced at £1,512 (£1,275 per case) in international trade, it is 30.4% less expensive than the 2018 (£2,172).

The relative slowdown in releases on Tuesday gave the industry a bit of a breather. Releases of Grand Puy Lacoste and Rose Montrose were down 19.6% and 22.8%, respectively, from their 2018 opening prices.

The final release of the Grand Cru Margaux 2019 was released on Thursday. It is trading internationally at £4,200 (£1,275 per case), a 17.8% reduction from the 2018 release price (£5,112).

Margaux was released at a higher price than Mouton Rothschild and Haut Brion, but below the high priced Lafite Rothschild.

Other notable releases later this week include Clinet Clinet, Ducru Beaucaillou, Haut Bailly and Clinet Chapel Eglise Clinet.

Eyes returned to Bordeaux this week (54.9%) as the 2019 vintage en primeur began to accelerate in the secondary market: accounting for 31% of the total value of transactions in the region, it became the most traded vintage.

Image courtesy of: Liv-ex

US News Chateau La Mission Haut Brion, Pessac Leognan 2019 has become the highest traded total wine. The wine was released nine days ago at a release price of £2,256 (1,275 per case); it has increased in price by 19% since then.

The Petit Lafite Carruades de Lafite 2019 has also had a price increase. Released at £1,896 (1,275 per case), the wine has now gone up by 1%. The Margaux Margaux 2019, released the day before, has increased by 2.4%.