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Talking Trade: 8th – 14th July

Trade by value and volume were both lower this week but the Fine Wine 50 Index maintained its momentum and is now at its highest level since November 2013. It closed at 300.79, up 1.6% on the previous week.

Bordeaux’s trade share remained low. The First Growths represented 17.5% of total activity. Lafite Rothshild was the most active at 34% and Haut Brion was second at 29% of the First Growth’s share.

But buyers were focussed on Bordeaux quality. Petrus 2010 (WA 100), Haut Brion 2009 (WA 100), Petrus 2008 (WA 97) and Haut Brion 1989 (WA 100) were all in the top ten wines traded by value this week.

Haut Brion 1989 traded at its highest level on the Exchange at £14,846 and the bid has since risen to £15,000.

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