Trade in the market was subdued this week, with slightly fewer transactions than usual. Instead, much of the wine trade was focused on the new releases coming from the Place de Bordeaux. Nonetheless exposure, the total value of bids and offers, remains at a record high of over £42 million.
Bordeaux’s market share dipped slightly to 74.2% as the value of First Growths trading fell from last week. Amongst the ‘Others’ regions Australia accounted for 4.2% of trade.
Pavie 2013 was the most traded wine this week thanks to a large volume transaction. Torbreck, Laird 2012 became the first Australian wine to feature in the top traded table this year.
Moet & Chandon, Dom Perignon Rose 1996’s last trade price of £4,200 was an all-time high. This represents a 40% increase in price over the past year and illustrates the investment case for Champagne made in this month’s Cellar Watch Market Report.
Recent releases
This week the wine trade was engaged with the new releases of wines from Italy and Chile distributed via the Place de Bordeaux. On Monday Opus One 2014 came out at a price below all other recent vintages. The same was true of Masseto 2014 which was released on Tuesday. Almaviva 2015, a perfect 100-point wine according to James Suckling, was offered on Wednesday, before Solaia 2014 opened on the market on Thursday.
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