Bordeaux share of trade jumps by 20%
As Liv-ex reported last week, July saw the Liv-ex 100 drop a marginal 0.7%, while the Liv-ex 1000 rose 0.7%. The Liv-ex 50, meanwhile, ran flat, down 0.03% on the previous week.
However, the platform notes that the market has seen some unusual activity over the last seven days, with Bordeaux’s trade share jumping from 50.6% to 70.5%, even as the First Growths’ market share fell to a low 13.5%.
It appears that the increase has been supported by activity in high-value Right Bank brands, such as Petrus and Le Pin, as well as large volume transactions of Left Bank classics such as Lynch Bages.
As Bordeaux’s share of trade rose, all other regions saw declines – most notably Burgundy, which fell from an average of 12.3% in July to 3.5% last week.