- Another record weekly share for Burgundy
- Liv-ex Burgundy report released
- Cos d’Estournel 2016 most traded wine by value and volume
- Neal Martin Bordeaux 2016 in-bottle scores released
Trade increased by value this week. It was pushed up by Burgundy, which hit another record weekly high of 34.9%. Its previous high of 28.5% was reached two weeks ago, when the region’s En Primeur campaign was in full swing.
A number of high-value DRC trades were partly responsible for the region’s jump in trade share. As the table below shows, three vintages of Romanee Conti (1997, 2015, 2003) and two vintages of La Tache (2015, 2002) were among the top traded wines this week.
Our latest report, ‘Burgundy – in the spotlight’, noted that DRC prices are looking increasingly stretched against Bordeaux’s First Growths and while the momentum remains firmly with the region, it is not all blue sky. You can download it for free, here.
While DRC featured heavily in the week’s trade, it was Cos d’Estournel that stole the show. The 2016 vintage was the most traded wine by both value and volume following a flurry of activity Thursday evening.
The wine received a perfect 100 points in Neal Martin’s Bordeaux 2016 in-bottle report, which was published yesterday afternoon. Following the announcement, it traded at an all-time high of £1,840 per 12×75, a 15% increase on its November trade price, but still a 21% discount to the equally scored (LPB/RP) 2009.
In the report, Martin awarded five wines a perfect 100 points. He said that “the 2016 Latour, Mouton-Rothschild, Cos d’Estournel, Figeac and Vieux Chateau Certain form a quintet that I cannot imagine being improved in any way, shape or form, which is why they deserve perfect scores”. Big praise indeed.