New claret highs as trade awakens

Two Bordeaux labels have seen new record highs on the Liv-ex exchange as trade picks up again after the usual summer lull.

Fine wine trading appears to be reawakening from its usual summer lull.

Trade levels on the Exchange lifted last week according to Liv-ex with the value of trade doubling as the annual summer quiet period appeared to come to an end.

The top traded wines by value from 18-24 August were Perrier-Jouët’s 2008 Belle Epoque, the 2012 Pagodes de Cos, Haut-Brion’s 2007 and 2014 vintages and the 1996 Margaux.

Meanwhile, a number of wines traded at new all-time highs yesterday (31 August).

Liv-ex reported that 1996 Beychevelle has traded at a new high of £948 for a case of 12 and Grand-Puy-Lacoste 2009 hit £665 per dozen as well.

Earlier in August several vintages of Calon-Ségur registered new trading peaks in the Exchange.