Each Friday, we take a look at activity on the fine wine market in our weekly ‘Talking Trade’ post. Highlights this week included:
- Burgundy, Champagne and Piedmont increased their weekly trade shares.
- Domaine du Pegau Chateauneuf-du-Pape Cuvee Reservee Rouge 2015 was the top traded wine by value this week.
- Weekly insights included Paul Jaboulet Aine Hermitage La Chapelle opportunities, pricing analysis on Tignanello 2020 and Bollinger RD 2008, and the Liv-ex March Monthly Report.
Regional trade this week
After a strong start to the month, Bordeaux’s trade share pulled back this week to 38.2% – closer to its Febuary average.
Burgundy, Champagne and Piedmont all increased their weekly trade shares. Champagne accounted for 19.4% of trade by value, up on its February average of 14.2%. Demand was driven by Jacques Selosse Millesime 2008, Dom Perignon 2012 and Dom Perignon Rosé 2008.
With 6.8%, Piedmont took a larger share of the market thanks to trades for several 2019 Vietti Barolos, incuding its Ravera, Lazzarito, Brunate, Cerequio and Rocche di Castiglione.
The ‘Others’ category was also up this week due to increased activitiy around Australian and Spanish wines. Dominio de Pingus Ribera del Duero, Flor De Pingus 2020, Vega Sicilia Unico Reserva Especial Ribera del Duero 2021 and several vintages of Penfolds Grange (2010, 2012, and 2008) were all in the spotlight.
This week’s top traded
The top traded wines this week came from the Rhône, Bordeaux and California. Domaine du Pegau Chateauneuf-du-Pape Cuvee Reservee Rouge 2015 was the most active and last traded for £584 per 12×75.
Château Pontet-Canet 2019 came in second place. It’s last trade price of £896 per 12×75 represents an 22.4% increase on its release price of £732 per case.
Lisa Perrotti-Brown MW (The Wine Independent) scored the wine 99 points. In her tasting note, she said the wine was ‘so stunningly vibrant that it shimmers, give it a good four years further in the cellar to open out and enjoy its transformation over the next 40 years+’.
Another Bordeaux wine, Château La Gaffeliere 2017, was also among the top five. Opus One 2019 and Harlan Estate 2014 from Napa Valley also made the list.
Weekly insights recap
This week we published analysis on opportunities among Paul Jaboulet Aine Hermitage La Chapelle back-vintages and Tignanello’s 2020 release.
Liv-ex members also received pricing analysis on Bollinger RD 2008 ahead of its release next week.
The Liv-ex March monthly report was also published exclusively to members on Silver packages and above. In it we look at Bordeaux’s 2019 and 2020 vintages following recent critic reports, technical analysis of the Burgundy 150, and whether Latour’s decision to leave En Primeur has paid off.
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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 600 merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £80m of bids and offers across 16,000 wines.
