- Bordeaux’s share by value surges to 70.8%
- Cos d’Estournel 2016 continues to lead trade
- Wines for Chinese New Year
- James Miles for Meininger’s Wine Business International
- Burgundy report now available in French
This week saw trade dip by both value and volume. Still, Bordeaux’s trade share by value jumped from 47.9% last week to a recent high of 70.8%. It was largely helped by activity from the 2016s, which Neal Martin recently praised for their “elegance, purity and poise”. He affirmed that the vintage was “a year when everything just came together at the right moments […] when Bordeaux enjoyed more than its fair share of luck”.
First Growth trade was led by Mouton Rothschild, after its 2016 vintage received 100 points from Martin. The Liv-ex Fine Wine 50 was up by 0.1%.
At the same time, Burgundy which hit a record weekly high last week dipped slightly below its yearly average of 14.5%. The region’s trade share and prices rose relentlessly throughout 2018, a theme we explored in more depth in our latest special report – Burgundy: in the spotlight.
Italy, the Rhone and the “others” category improved on last week. Champagne and the USA pulled back a little, down to 3% and 1.3% respectively.
Once again, Cos d’Estournel 2016 was the most active wine by both value and volume. It received the perfect 100 points in Neal Martin’s Bordeaux 2016 in-bottle report. Two other 2016 100-point Neal Martin wines – Figeac and Mouton Rothschild – also traded actively, and slightly above their release prices.
Year of the Pig
With Chinese New Year fast approaching, we took a look at the performance of ten fine wines from previous pig zodiac years: 1947, 1959, 1971, 1983, 1995 and 2007.
We also selected four Bordeaux wines whose names take on a whole different “lucky” meaning when written in Chinese characters.
An interview with James Miles
Last Saturday, Wine Business International – Meininger’s wine trade magazine – published an interview with Liv-ex MD and co-founder James Miles. In the interview, Miles discusses the history of Liv-ex, the impact of technology and the company’s future plans. Find out more here.
Burgundy report in French