Talking Trade: Haut-Brion 2009 Most Active

  • Anthony Maxwell, Liv-ex Director

  • 08 Oct 2019 | News & Views

Trade by both value and volume dipped slightly this week. Bordeaux (59.5%), Burgundy (22.3%), Champagne (6.1%) and the USA (4.2%) all gained market share. Trade in Bordeaux was led by the 2009 and 2010 vintages, while that in Burgundy by the more recent 2017 and 2016.

Meanwhile, Italy’s share fell to 3.2%. You can find out more about its market performance, and its rising annual trade share, in our latest extended report, The Fine Wines of Italy: Past, Present and Future.

Haut-Brion 2009 (given 100 points by Lisa Perrotti-Brown) was the most active wine in the beginning of October. It last traded at £6,055 per 12×75, down 22% on its release price of £7,800 per case. How do Haut-Brion and Mission Haut-Brion relate to each other in the market? This week we took a look at this relationship, here.

Two other First Growths followed: 2000 Mouton Rothschild and 1996 Margaux. From Burgundy, Joseph Drouhin, Montrachet Marquis Laguiche 2017 also featured in the top five most traded wines.

Liv-ex Indices in September

The Liv-ex 1000—the broadest measure of the fine wine market—rose 0.3% in September to close on 360.88. The Burgundy 150 was the biggest riser, up 2.6%, while the Bordeaux Legends 50 dipped the most (-0.9%).

The industry benchmark, the Liv-ex 100, and the Fine Wine 50 index dipped 0.3% last month.

Have DRC prices peaked?

We recently looked back at the DRC/First Growth ratio, which indicated that one could buy almost 10 bottles of First Growths for the price of one bottle of DRC. However, the gap between DRC and the First Growths has not widened any further in 2019. It has dipped 2% in recent months. 

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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