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Lafite Leads Liv-ex Trade Over Past Month With Carruades, Mouton

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Chateau Lafite Rothschild, a first-growth Bordeaux wine estate in the Pauillac district north of the city, led trading on the London-based Liv-ex online wine exchange over the past month, accounting for 9.5 percent of market activity, according to Liv-ex’s Cellar Watch report.

It was followed by Carruades de Lafite, the estate’s second wine, with 8.2 percent and neighboring Chateau Mouton Rothschild, with 7 percent. The 2014 vintage of Carruades became physically available, driving demand for that label.

A rally in the Liv-ex Fine Wine 100 Index this year has taken it back to its highest level since 2011, partly due to improved demand for Bordeaux and also driven by a 15 percent slump in sterling against the dollar since the U.K.’s June vote to leave the European Union.

Trade in November “was down on October by both value and volume, but still high compared to 2015,” Liv-ex said. “The pace of the market appears to be slowing slightly and there seems to be no set pattern in movers.” It said that while market strength appears robust, “it remains to be seen whether the long period of sustained rises will continue.”

Italy’s share of trading on the exchange by value rose to 8.7 percent last month from 3.9 percent in October, boosted by demand for Sassicaia, Liv-ex said. Bordeaux, which typically dominates transactions due to both its high value and liquidity, dipped to 73.1 percent from 76.2 percent while Burgundy remained stable at 7.5 percent.

Focusing in on the past week’s trading activity, Chateau Pichon Lalande 2010 rose to its highest value for five years, touching 1,270 pounds ($1,597) per 12 bottle case, while Sassicaia 2013, Chateau d’Yquem 2009, Petrus 2001 and Chateau Angelus 2010 were also in demand.

 

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