Talking Trade – Bordeaux recovering

  • First Growths at a recent high
  • Lafleur 2000 most active wine
  • Canon 2015 named James Suckling’s wine of the year
  • Liv-ex November Market Report released

Having reached an all-time monthly low in September (56.4%), Bordeaux’s trade share has been on an upward trend. The region showed signs of recovery in October (62.4%) and accounted for a higher 67.8% by value this week. First Growths were particularly strong at 27.7% of all activity. This corresponds with increased critical interest in the region. Bordeaux 2016 in-bottle scores, along with reports by James Suckling and Neal Martin have recently been published.

Champagne hit a recent low of 1.6%. Italy also pulled back slightly on last week, from 8.1% to 7.1%.

This left room for Burgundy to make gains. It rose to 16.6% of trade by value.

Neal Martin Lafleur vertical

At the end of last week, Vinous published a report by Neal Martin on a vertical tasting of Lafleur. In the report, Martin awarded this week’s most active wine – Lafleur 2000 – the ultimate 100 points. In his tasting note, he described the wine as a “monumental Pomerol” and added that “it delivers the complete package”. The wine last traded at £14,388 per 12×75.

James Suckling’s wine of the year

This week, James Suckling announced Canon 2015 as his 2018 wine of the year. Suckling confirmed his perfect score of 100 points for the third time, and called it the “wine of a lifetime”.

Canon 2015 was one of the top traded wines by value and volume this week. It last traded at £2,118 per 12×75.

Other news

This week, we published our November Market Report. In the report, we take a look at the price performers within the Rhone. You can find more about it here.

Jancis Robinson and Julia Harding MW also published a joint tasting report on the Bordeaux 2016 vintage in bottle. You can read it here.