Following our post which examined regional patterns, today’s blog takes a look at the most active fine wines this past quarter.
In line with Italy’s growing trade share, an Italian wine has taken the top spot: Giacomo Conterno, Barolo Riserva Monfortino 2013. The Barolo, which commands a Market Price of £8,900 per 12×75, has seen trade between £7,400 and £8,400 over the quarter. The 2013 is the most recent vintage available from the producer, after spending up to 6 years in bottle before coming to the market. Antonio Galloni (Vinous) awarded the wine 99-points, calling it “brilliant, precise, focused and nuanced.” The prior release, 2010, was awarded 100 points by Galloni and last traded at a 78% premium (£13,170 per 12×75).
A Super Tuscan also featured in the top ten, Tignanello 2016. The wine was released in the UK at £750 per 12×75 in January last year – its Market Price has risen 13% since. Tignanello (the UK Prime Minister’s and the Duchess of Sussex’s favourite wine), has been the best performing Super Tuscan over the past five years, as the chart below shows.
Due to a combination of relatively low prices and comparable quality to the fine wines of Bordeaux and Burgundy, Tuscany and Piedmont have been garnering greater interest from merchants and collectors alike – a theme we examined in our report, The fine wines of Italy: past, present and future, which you can download here.
Two wines from Champagne have also been firmly in buyers’ sights year-to-date: Dom Perignon 2008 and Cristal 2012. On a vintage level too, the highly acclaimed 2008 and 2012 have taken up the majority of Champagne’s share of trade. When Antonio Galloni reviewed Dom Perignon 2008, he described it as “fabulous” and awarded it 98+ points.
The Rest of the World category also made it into the top ten by value, with Screaming Eagle 2007 ranking seventh, helped in no small part by its price tag. When tasting for the Wine Advocate, both Antonio Galloni and Lisa Perrotti-Brown MW found perfection in this wine.
Four First Growths and one Second Growth made up the rest of the rankings: Mouton Rothschild 2000 and 2008, Margaux 2009, Leoville Poyferre 2012. Representing relative value for money against other Leoville Poyferre vintages, the 2012 has enticed buyers this past quarter. The Second Growth has risen 17% since its release seven years ago, but last traded 3% below its current Market Price.
Our latest extended report, Bordeaux 2019: the value of time, examined trade patterns within Bordeaux, price performance and the future of En Primeur. Read a summary of the report findings here.