By Guy Collins
Bordeaux fell to a record low 38.3% of trade on the London-based online wine market Liv-ex in the week to Thursday Feb. 13 from 48.8% the previous week and 54.2% in January, according to Liv-ex’s Talking Trade report.
Higher sterling against the euro on the outlook for increased U. K. government spending, the potential for U.S. trade tariffs against the European Union and the effect of the Coronavirus on many aspects of global activity all hit the Bordeaux market, according to Liv-ex.
“Bordeaux wines are popular in Asia, and with the outbreak of the Coronavirus, demand continues to falter,” Liv-ex said.
The most traded Bordeaux wine of the week was Chateau Lafite Rothschild 1996, which changed hands on the Liv-ex merchant-to-merchant market at £8,318 ($10,853) a case of 12 bottles in bond.