Champagne Trading Boosted on Liv-Ex Driven by Krug, Bollingerby
Lafite 2012 in Demand Among Bordeaux First-Growth Vintages
Mouton Rothschild, Haut Brion Among Sought-After Labels
Bollinger R.D. 2002 Champagne was the top-traded wine by value on the London-based Liv-ex exchange in the week to Thursday Feb. 4, boosted by interest in vintage Champagne fueled by the recent release of Krug 2002 to the market, Liv-ex said on its blog.
The Bollinger R.D. 2002 accounted for 3.2 percent of total trade and was quoted at a trade price of 1,160 pounds ($1,680) for 12 bottles, Liv-ex said.
Among top Bordeaux wines, Chateau Lafite Rothschild accounted for 37 percent of first-growth trading this week, with Chateau Mouton Rothschild at 24 percent and Chateau Haut Brion at 21 percent, according to the exchange.
Volume was particularly strong in the Lafite 2012 vintage, which had a trade price of 3,250 pounds a case, and the 2005 vintage of Haut Brion, priced at 5,172 pounds. Mouton 2006 also attracted demand, with a trade price of around 3,180 pounds a case.
The Liv-ex Fine Wine 50 Index of top Bordeaux wines climbed in January for the second straight month, the first back-to-back monthly gains since June and erasing the declines of October and November.
In the week to Feb. 4, Bordeaux accounted for 70.4 percent of trading on the exchange, compared with 9.6 percent for Burgundy and 9.4 percent for Champagne. For 2015 average trading volumes were 74.4 percent for Bordeaux, 5.9 percent for Burgundy and 5.8 percent for Champagne, according to Liv-ex.