Talking Trade - Bordeaux Shines
The Liv-ex Fine Wine 50 rose 0.25% this week with overall market activity, far livelier than the previous week in which Christmas Day squarely fell.
Bordeaux took a large share of regional trade by value (65.8%), thanks to several First Growths trading at a discount to market. Subsequently the market shares of Burgundy (14.0%), Champagne (8.9%) and Italy (6.4%) fell slightly while the USA retained its 1%.
Readers should take note that the views of this author represent those of a company with an interest in the wine trade. Liv-ex operates the global marketplace for the wine trade. They have over 440 members from start-ups to established merchants and supply them with the data, trading and logistics services they need to price, source and sell wine more efficiently. Private collectors can view Liv-ex prices and value their portfolios using Cellar Watch and find regular market analysis on the blog. The opinions of Liv-ex are their own and do not represent those of Robert Parker Wine Advocate or Wine Journal. Liv-ex contributes articles to Wine Journal that we feel are of market relevance to readers, but we do not specifically endorse this company.
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