- Bordeaux’s trade share rose to 38.3% this week.
- Scarecrow Cabernet Sauvignon and Château Ausone were among the most traded wines.
- The up-coming release of Château Latour 2014 featured heavily in this week’s insights.
Regional trade this week
Burgundy’s trade this week dropped below 20% for the first time this year. In its place there was increased trade for Bordeaux, the US, Piedmont and the Rhône.
Bordeaux’s trade was driven by demand for Château Lafite Rothschild, Château Mouton Rothschild, Château Ausone, Château Cheval Blanc, Château Pontet-Canet, Château Lynch-Bages and Petrus.
Scarecrow’s Cabernet Sauvignon was behind the US’s higher trade, as were various Côte Rôtie wines from Guigal for the Rhône and Barolo from Paolo Scavina, Luciano Sandrone and Vietti for Piedmont.
This week’s most traded wines
Scarecrow’s 2019 Cabernet Sauvignon was the week’s most traded wine by value. It was rated 100-points by the Wine Advocate last year. Described by then-editor, Lisa Perrotti-Brown MW as ‘pure magic’, just 2,000 cases were produced.
The 2007 vintage of Château Ausone led a strong Bordeaux contingent this week. The wine has been steadily rising in value since October last year.
Château Ausone 2007
There was a rare appearance of a dry white Bordeaux as well this week, with strong trade around Pape-Clément Blanc 2018. Last traded at £910 per dozen, it is still below its original release price of £1,185.
Weekly recap
This week’s insights kicked off with the publication of our March Market Report. This month we examined the recent high scores given to Château Lafleur, the growing market for rosé Champagne and the regional performance of Tuscany and Piedmont.
Lafleur was also the subject of a Market Update looking at its relative value versus fellow Pomerol estate Petrus.
There were release updates for Bollinger’s La Grande Année 2014, Paul Jaboulet Aîné’s La Chapelle 2020 and Clos des Lambrays 2020.
And with the release of Château Latour’s 2014 vintage expected next week, there were several posts examining the First Growth’s best value back vintages, its price performance over the last decade and a potential fair value landing spot for the new release.
Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 560+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 16,000 wines. Independent data, direct from the market.
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