Since the release of the critic scores – and in particular Robert Parker’s scores – the Bordeaux 2010s have seen steady trade on Liv-ex. Currently they account for 13% of all March Bordeaux trade by value: this is still behind the 2009s (with 14%) but significantly higher than any levels of trade they have seen in the last year.
The table below shows top 2010s traded by volume in March. As you can see, five of Parker’s ten perfect wines have traded, but Le Dome (LWIN 10094242010) – short in supply and hard to find – and Latour (LWIN 10123162010) have seen limited activity. While the former has shot in price, the latter has only seen a marginal change: trading for £11,500 per 12x75, the 2010 is the most expensive of Latour’s recent vintages.
When we reviewed trade for the 2009s in March 2012, wines that had found buyers included several First Growths. But with many feeling that the quality of the 2010s is already in the price, buyers are seeking bargains at the lower end of the price range. The more affordable 100 point wines Pape Clement 2010 (LWIN 10136902010) and Pontet Canet 2010 (LWIN 10143072010) have accounted for the most trade, and prices have risen to meet demand.
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