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Talking Trade: 11th November – 17th November

By November 18, 2016Fine Wine Market, Talking trade

fw50

Bordeaux activity was down this week, but the Fine Wine 50 was stable, closing Thursday on 334.75 (+0.1%). Trade by volume and value was up on last week and First Growth activity was higher at 34.8%.

region

Italy’s market share surged with Sassicaia 2013 and San Guido, Difese 2014 top by value and volume respectively.  Altesino, Brunello Montalcino 2010 also found the bid and was in the top wines traded by volume.

Activity for the ‘Others’ was up, boosted by high-scoring US wines. Dominus 2008 (WA 99), 2004 (WA 97) and 2007 (WA 98) all traded. The acclaimed 2013 vintage saw brisk activity. Opus One (JS 100) and Verite Joie (WA 100), Verite Desir (WA 99) and Verite Muse (WA 100) all traded. Robert Parker said Verite Muse 2013 is “amazingly like a great vintage of Petrus.”

value

Older high-value Bordeaux were active. Margaux 1996 (WA 100) and Latour 1996 (WA 95) both traded at £6,063 per 12×75. They were re-scored by Neal Martin last month in his “Bordeaux 1996 – Twenty Years On” report. Parker previously awarded Margaux 1996 99 points and Latour 1996 99 points.

Carruades Lafite 2014 has recently seen a flurry of activity as it has become physically available. Neal Martin said it “is a decent, satisfying Carruades de Lafite that should be afforded three or four years in bottle.”

volume


 

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