- Bordeaux’s trade share rises to 64%
- Petrus 2016 leads weekly trade by value
- A look inside Italy’s price performance
- Sauternes – an early Christmas delight
Bordeaux’s share by value rose to 64% of the total trade, having meandered in the 35%-45% range in the past few weeks. The Liv-ex 50 index, which tracks the price performance of the First Growths, dipped 1.3% on last week’s close, reflecting the strengthening of the sterling against the euro.
Other regions took a hammering from Bordeaux’s gains this week. Burgundy accounted for 12% of the total trade, with Italy taking up 9% and Champagne – 6%.
Two older vintages of Petrus came second and third. Both traded as Imperial bottles (600ml), priced at £54,498. Carruades Lafite 2017 also saw activity, following the UGC trade tasting in London earlier this month.
Italy – what is happening to the prices?
Italian wines continue to offer one of the cheapest entry points into the fine wine market. But their prices have been on the rise – for some more than others. Nine out of the ten biggest risers from the Italy 100 in the past year come from the north, with Sassicaia 2015 being the notable exception. Since December 2017, the Piedmont Index is up 12%, compared to 0.2% for the Tuscan. To read the full article, click here.
Sauternes – an early Christmas delight
The Sauternes story is not one of investment potential – especially when compared to the development of the broader market. But the sweet wines of Bordeaux continue to hold an allure to buyers, promising great quality (supported by broad critical acclaim) and representing the most affordable entry point into the fine wine market. Click here to find out more.