Talking Trade: Champagne rising

By September 14, 2018Fine Wine Market, Talking trade
  • Champagne stronger at 14.2%
  • Armand Rousseau Chambertin 2010 most active wine
  • New releases from Chile and Italy
  • Market Prices more up-to-date than ever

Trade has been returning to normal in September with activity increasing again by both value and volume this week. The First Growths’ market share was 16.8%, up from a low 7.9% last week. Despite this, Bordeaux’s overall share remains low at only 50.7%.

Burgundy’s activity increased compared to August, rising to 18.1%. It was boosted by trade for Armand Rousseau Chambertin 2010, which was the most active wine by value.

As merchants start to prepare for Christmas sales, Champagne’s market share increased to 14.2%, up from 2.5% last week. Dom Perignon 2009 was among the most traded wines.

The rest of the world’s share also went up, coinciding with new releases from Chile – Viñedo Chadwick 2016 and Seña 2016.

A stronger pound pushed the Liv-ex 50 down 0.1% to close on Thursday at 358.27.

New releases

This week saw the release of two Chilean wines, Seña 2016 and Viñedo Chadwick 2016. Seña is being offered by the international trade at £1,070 per 12×75. Chadwick was released at £2,680 per 12×75. It has been awarded 99 points by James Suckling.

The Super Tuscan Solaia 2015, which was met with a very positive critical response, was also released this week at £1,890 per 12×75. The wine is already being bid on Liv-ex at £1,920 per 12×75. Forts Latour 2009 was re-released ex-Chateau above the current Market Price.

The Californian wine, Inglenook Rubicon 2014, is now being offered by the international trade at £1,440 per 12×75 as well. James Suckling rated it 97 points and described it as ‘a beauty every sense of the word’.

Market Prices more up-to-date than ever

This summer, Liv-ex reviewed how Market Prices are calculated. Since the changes have been brought in: 19% more wines have a Market Price; 33% more Market Prices are from lists processed in the last 35 days; 133% more US wines have Market Price. To find out more, please click here.

 


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