Each Friday, we take a look at activity on the fine wine market in our weekly ‘Talking Trade’ post. Highlights this week included:
- Bordeaux, Burgundy, and Tuscany increased their weekly trade shares.
- Two 100-point wines were among this week’s top traded.
- Weekly insights included pricing analysis on Latour 2015, Forts Latour 2017, and Clos des Lambrays 2021.
Regional trade this week
Burgundy’s share of weekly trade rose to 28.6% this week – above its February average of 21.3%. Bordeaux also improved with 40.1% of trade by value. Several wines from the region traded at all-time highs this week, including Chateau Ausone 2002, Chateau Leoville Poyferre 2010, Vieux Chateau Certan 2006 and Chateau Haut-Brion 2004.
Tuscany was also in the spotlight with 8.2% of trade value, up on the 5.5% it recorded the previous week. Activity was centred on Antinori’s Tignanello, whose 2020 vintage was released last week.
Meanwhile, Champagne, the Rhone, Piedmont, the USA and the ‘Others’ category all saw their share of trade fall this week.
This week’s top traded
Three of this week’s top traded wines came from Bordeaux. Chateau Talbot 2020 was in the top spot and last traded at £491 per 12×75. The wine was recently awarded 95 points from Antonio Galloni (Vinous), placing it at the top end of his original barrel range (92-95). In his tasting note Galloni said that the 2020 was ‘superb’ and ‘certainly the best in recent memory’.
Two 100-point Bordeaux wines also featured in the top five: Chateau Lafite Rothschild 2019 and Pétrus 2015.
Lafite Rothschild 2019 was awarded a perfect score by William Kelley (Wine Advocate). In his tasting note, he said it was ‘one of the greatest wines produced in Bordeaux this year’. The wine last traded for £6,958 per 12×75, a 36.1% increase on its release price (£5,112 per case).
Pétrus 2015 was scored 100-points by Lisa Perrotti-Brown MW (The Wine Independent). Its last trade price of £45,400 per 12×75 represents a 110.4% increase since release (£21,570 per case).
Weekly insights recap
This week, Liv-ex published pricing analysis on Latour 2015 and Forts Latour 2017 ahead of their releases on Tuesday.
Liv-ex members also received further pricing analysis on Clos des Lambrays 2021 and Bollinger RD 2008.
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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 620 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.