La Place de Bordeaux continued this week with the release of wines that included three 2019 Power 100 “best of the rest” growers.
Starting Monday was Verité, who released for a third consecutive year, La Muse, La Joie and Le Desir as a 3-pack collection case. The wine was offered by the international trade at £3840 per 12×75, up 2% on the 2016’s release price of £3,760 per 12×75.
Petrolo released their flagship wine, Galatrona 2018. The wine was released at €52 per bottle ex-négociant, equivalent to the 2017 release and was offered by the international traded at £840 per 12×75.
A newcomer to the Power 100 was Joseph Phelps, who sold Insignia via La Place for just the second year. The 2017 vintage was released at €144 per bottle ex-négociant, down 2.7% on last year’s release (€148). The wine was offered by the international trade at £1,920 per 12×75, equivalent to the 2016 opening price.
With September historically reserved for New World releases, eyes were once again away from Bordeaux (44.4%), but the region did claw back a portion of market share by value, gaining for the second consecutive week.
Champagne (8.2%), the Rhone (6.2%), and the USA (9.6%) all made gains on the previous week.
Burgundy (16.3%) drifted but held relatively near its monthly average, while Italy (11.0%) and Others (4.3%) both fell.
The latest physically available release of Carruades de Lafite, 2017, was the most traded wine by value this week. Made physical in October 2019, the wine has since risen 9.2% in value – up 6.6% over the last month alone. The last trade price is just 0.8% off the highest trade price for the wine.
Taittinger, Comtes Champagne 2008 is one of the last of the high scoring 2008s to be offered to the market – set to release in the UK next month. James Suckling scored the wine 99 points, a single point more than the 2007 (98). Yet the 2008 is already bid at a big premium.
September Market Report
The Liv-ex September Market Report has been published exclusively for members on our Silver tier package or higher.
The full report contains additional Liv-ex research and analysis:
- Major market movers: Southern Rhone’s Chateauneuf-du-Pape
- Chart of the month: Best-performing Bordeaux 500 wines
- Critical corner: Antonio Galloni’s top-scoring Champagne releases in 2020
- Final thought: The New (World) wave – La Place beyond Bordeaux
Liv-ex members on our Silver tier package or higher can download the full report here.
Click here to join or upgrade your package.