Fine wine trading tips of the week
Bordeaux Index’s head of investment, Matthew O’Connell, shares his fine wine trading tips of the week based on recent activity on the LiveTrade platform.
- Trading in Bordeaux continues to be very active across the five first growths. The sharp upward moves in Haut-Brion 1989 have led to a refocus on the rest of the ‘curve’. Lafite is also very active, with most vintages up over 10% in the last six months. We have also seen strong activity in Figeac, which has recovered all of its market underperformance from 2018/2019.
- The main focus areas in younger Bordeaux wines has been the 2008-2010 range, with both Lafite and Figeac performing strongly, as well as 2014-2018, where en primeur always brings a natural re-examination of the most recent vintages. So far we have seen evidence of the market viewing the 2015s as cheap in some cases, but also the 2016 vintage perhaps not commanding a sufficient premium given it’s ever-growing reputation
- Italy continues to perform well, with activity not diminishing despite the tailwind of US tariff exemptions no longer being a factor. There is good interest in the 2018 vintage, but the whole 2010-2017 vintage range is seeing strong activity across the Sassicaia-Solaia-Ornellaia-Tignanello set.