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May 30, 2022 View:

Liv-ex Weekly Trading SummaryAllemand 2015 is the highest traded wine of the week

On Thursday, the first major Bordeaux chateau released its 2019 vintage through La Place, officially opening the En Primeur campaign for this year's en primeur. Pontet Canet Pontet Canet was released at €58 per bottle, down 31% from the 2018 release price (€84).

Image courtesy of: Liv-ex

Early reports of the launch have been very successful, allowing this year"s campaign to unfold positively. Price will be key and everyone will be watching closely.

The Liv-ex Fine Wine 50 has been on the move. The gradual weakening of the pound, which has made First Growths cheaper in other currencies, pushed the index to a near two-month high (330.16), up 60% on the week and 1.92% on the month.

Despite the rising premium wine 50, Bordeaux's share of traded values appears to have stabilized. In nine of the last 10 weeks, the wine region has traded below 50 percent share, with the exception of one week.

Burgundy (13.1 percent), Champagne (10.4 percent) and Italy (12.8 percent) had similar shares to the previous week, but Rhône and the U.S. saw significant changes. The shares of these two wine regions swapped last week: Rhône rose to 8.1%, while the United States fell to 1.0%. England (0.40%) also performed notably, driven mainly by the multi-case Gusbourne Blanc de Blanc 2014 exchange.

Allemand Cornas Reynard 2015 was the highest traded wine of the week in terms of total value. The wine scored 98 points from Decanter's John Livingstone-Learmonth. Although the 2015 vintage scored higher than the 2009 and 2010 vintages, it was much cheaper.

This week's top five highest traded wines include three First Growths, while Margaux Margaux and Haut Brion 2015 also hit the top 20. As mentioned, the Liv-ex Fine Wine 50 (which tracks the price movements of the first growths) has remained up for the past two months; all five of its sub-indices have also risen. Lafite Rothschild and Mouton Rothschild lead the way, followed by Latour, Margaux and Marquis.