Bordeaux 2017 pushes secondary market to new levels
As Bordeaux 2017 draws to a close, many in the trade have struggled to digest prices in what some have called a ‘listless’ campaign. Liv-ex reports that this year’s campaign “once again lost its bearings” and that sales figures are expected to languish around 2013 levels – a 75% decrease from 2016.
However, the market nonetheless saw a burst of activity last week, with Bordeaux’s market share rising to 71.3% compared to May’s average of 66.2%, and the Liv-ex 50 rising 0.6% on the previous week, pushing it to its highest levels since November 2011.
Latour was the most traded brand across the week, while Cheval Blanc 1998 saw the most activity, trading last at £5,920 per case of 12.