Latour’s trade at auction is on the rise
The latest trading data is in, and it is evident that this quarter one region’s wines have had particular success at auction. We’ve calculated which wines have seen the greatest incremental increases in bottles traded by using figures collated by Wine Market Journal from sales at the world’s major auction houses, looking at the total number of bottles sold of the top five vintages for each wine over the past four quarters.
In contrast to last quarter’s data, which saw wines from a variety of regions see trading volumes rise, all five wines in the table below are from Bordeaux. Four are from the left bank, with first growth Haut-Brion benefitting the most from increased trade, while right bank Ausone also makes the cut.
Latour is the only wine to feature two quarters running. This presents an interesting counterpoint to the château’s reported fall in trading volumes on the wine exchange Liv-ex. Since its decision in 2012 to withdraw from the en primeur system, Latour has held back its five most recent vintages. It seems unsurprising, therefore, that the wine is less present than its fellow first growths on trading platforms, where recent vintages tend to attract high volumes of trade. However, this has not affected the wine’s success on the auction market, which favours older vintages, and therefore arguably makes for a fairer comparison.