Liv-ex sees ‘steady’ trade in 2010s15th March, 2013 by Rupert Millar
Bordeaux 2010 has accounted for 13% of all trade by value so far in March on the Liv-ex index.
Liv-ex reported on its blog that while the 2010s still lag behind the 2009s in terms of trade, it is the most concerted period of activity the vintage has seen in the past year.
Five of his 10 “perfect” wines (Latour, Cheval Blanc, Pontet-Canet, Pape Clement and Le Dome) have seen trade.
Le Dome in particular has seen a significant rise in price, having shot up nearly 100% in value but its scarcity has meant it has accounted for relatively little trade by volume.
The continuing problem with 2010 is that its release prices were, in many cases, prohibitively high.
It is noticeable that estates such as Pichon-Baron, Duhart-Milon and Lafite’s second wine Carruades have seen volume trade of around 8% and 3% but no price change at all.
Brane Cantenac is striking as well, having seen a 13% share of the volume this month for a price increase of only around 5%.