What’s happening in the market?
Bordeaux’s trade share has surged since Friday, the region now comprising 50% of total trade by value after ending last week at 36.2%. This boost can be attributed to wines from Château Figeac, Château Pontet-Canet and Château Mouton Rothschild trading.
The USA has also seen an increase in trade, accounting for 6.0% of trade by value after ending last week at 3.7%. This growth has been primarily driven by the active trading of Opus One.
On the other hand, Burgundy and Champagne have recorded a decline in their trade shares, with Burgundy now at 17.3% (down from 22.1% last week) and Champagne at 10.3% (down from 14.9% last week).
Today’s deep-dive: Taittinger Comtes de Champagne 2013 released
Taittinger Comtes de Champagne 2013 has been released in the UK and is being offered for £715 per six bottles (equivalent to £1,430 per 12×75).
Critical opinion
Antonio Galloni (Vinous) awarded the wine 98 points, writing that ‘the 2013 Comtes de Champagne captures all the pedigree of this great vintage in its energy, depth and vibrancy’.
James Suckling also rated the 2013 vintage 98 points, calling it ‘nervy and tight with notes of crushed almonds, chalk, white grapefruit, digestive biscuits, lemons and apricot stones’.
Sarah Mayo (The Wine independent) awarded the wine 95 points, mentioning the wine ‘captures an abundance of finesse from Champagne’s cooler 2013 vintage’.
Taittinger Comtes de Champagne 2013 pricing analysis
Taittinger Comtes de Champagne has been an extremely popular label in the secondary market over the past decade. Since the start of the year, it has ranked third in terms of both trade by value and volume behind Louis Roederer Cristal and Dom Pérignon.
Looking at the Fair Value chart above, we see that Taittinger Comtes de Champagne has a 66.4% correlation with age. At today’s release price, the 2013 vintage comes in on the line, meaning it is offered at fair value.
For those seeking alternative options, the 2005, 2006 and 2007 vintages look attractive. These vintages all fall below the ‘Fair Value’ line and are currently priced lower than today’s release.
Taittinger Comtes de Champagne 2006 trades on Liv-ex
The 2006 vintage looks like a particularly enticing option, with 98 points from Antonio Galloni and a current Market Price of £1,190 per case (a 16.8% discount to the 2013’s release price).
The wine hit a peak trade price of £1,906 per 12×75 in January 2022. Today’s Market Price represents a 36% pullback from peak, well ahead of the Liv-ex Fine Wine 1000’s 9.5% and the Champagne 50’s 13.1% respective year-to-date declines.
With a bid-offer spread of less than 2%, as seen on the chart above, it would seem that buyers are recognising the opportunity that the current price represents. It is, after all, just 12% higher than the level the wine traded at before the Champagne ‘bubble’ took hold two years ago and one must assume that supply has somewhat diminished – read: been drunk – since.
There are currently 141 LIVE bids and offers on Taittinger Comtes de Champagne on Liv-ex. Log in to the exchange to view them and trade.
In case you missed it
Here’s what we’ve been reading:
- Liv-ex: Salon Le Mesnil Blanc de Blancs 2013 pricing analysis
- Decanter: Champagne harvest 2023: A bumper crop
- Square Mile: Fine wine is becoming a buyer’s market
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 20,000 wines.
