This Week In Fine Wine: Champagne takes 21% of traded value; US buying climbs further
In this week’s Talking Trade, Bordeaux led the market, though shared the stage with both Burgundy and Champagne, each taking over 20% of traded value.
- Bordeaux led the market, though shared the stage with both Burgundy and Champagne, each taking over 20% of traded value.
- US buyers returned in full force, claiming 40% of purchased value.
- Krug 1996, now trading on its long-term upwards trendline, and Lafite 1986, trading at its 2008 and 2015 lows, were the top-traded wines by value.
Bordeaux maintained its lead of the market, though its share of traded value fell from 32.0% last week to 27.1% this week. Mature, strong vintages continue to draw demand, with the 1986, 2000 and 2010 the top-traded by value.
Burgundy followed in second place, claiming 24.8% of traded value. Following weeks dominated by rare Leroy, d’Auvenay and Romanee-Conti, slightly lower value wines in decent volumes led the region this week, with Lamy-Caillat and Jean-Claude Ramonet coming ahead of DRC.
Champagne’s share of the market rose to 21.4% — its highest weekly share in recent memory. US buyers accounted for over half of the region’s trade, focusing their efforts on Krug, Jacques Selosse and Salon.
Italian trade remained subdued, Tuscany and Piedmont claiming a combined 9.1% share of traded value.
The US claimed 5.1% of traded value. Opus One was by far the region’s top-traded wine by value, claiming 59% of the region’s trade.
Included in the ‘Others’ section, Australia claimed 3.6% of traded value. Wines from Leeuwin, Henschke and Penfolds traded actively.
Missed last week’s trade blog? Read it here.
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