Mouton trading strongly
30th June, 2014 by Rupert Millar
Bordeaux first growth Mouton Rothschild has traded strongly on the fine wine trading platform Cavex.
The first growths in general were strong performers last week but Mouton accounted for 50% of the trade by value – “albeit,” as the exchange noted, “at slightly softened prices”.
Vintages of Mouton that traded were 1998, 1996, 2005 and 2008 with the 1996 in particular proving popular with over 11 cases selling for £3,060 apiece (a 1.29% dip since May).
At £3,000 a case, the 1998 had declined 6.2% since October, the 2005 down 5.6% since April to £3,400 and the 2008 trading flat at £2,270.
Second wine Le Petit Mouton also traded strongly, with eight six-packs of the 2010 selling for £520 each.
Another leading estate was Haut-Brion which saw eight cases of its 2004 go for £2,250 each.
Two wines that traded with an increase were 2008 Pontet Canet which saw a 3.6% boost to £580 per dozen, while Lynch Bages 2010 bounced to £875 a case – a 2.9% rise.
Liv-ex has noted over the past couple of years that Mouton and Petit Mouton have been some of the strongest Bordeaux performers in what has generally been a tough trading environment for Bordeaux recently.
The 2000 vintage was last November reported as nearing its 2011 level (while Lafite is descending past it), while Le Petit Mouton is the strongest performing second wine.
Many merchants considered Mouton a better buy than Lafite during this year’s 2013 en primeur campaign.