Talking Trade 20th of February: Burgundy and Bordeaux level at 28% share of market, Leflaive takes the lead
Burgundy’s share rose from 15.0% to 27.5%, pushing the region into a close second place. Though the 2019s were the top traded by value.
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- Bordeaux’s share of trade declined to 28.4%, just taking the edge over Burgundy with 27.5%.
- Domaine Leflaive’s Puligny-Montrachet, Clavoillon 2019, Guado al Tasso 2023 and Tignanello 2022 were the week’s top-traded wines by value.
- While the US’s share of traded value remains low, they are more active on the market (by number of trades) than both Asian and UK buyers.
Though retaining its lead, Bordeaux’s share of traded value fell from 41.1% last week to 28.4% this week. Aromes de Pavie 2016 was the region’s top-traded wine by value, changing hands in decent volumes several times at £430 per 12×75 – a 49% discount to its ex-London release price.
Burgundy’s share rose from 15.0% to 27.5%, pushing the region into a close second place. Though the 2019s were the top traded by value, the 2023s claimed the top position by volume. Leflaive led the region, claiming 30% of its traded value. Domaine de la Romanee-Conti and Armand Rousseau followed.
Champagne’s share fell from 17.9% to 8.2%. Dom Perignon and Krug claimed the top positions amongst the region’s producers; trades of recent vintage (2015 and 2018) Winston Churchill pushed Pol Roger into third place ahead of Louis Roederer.
Tuscany held steady at 12.2% while Piedmont regained some of the ground it had lost last week, its share rising from 1.8% to 5.1%. Tignanello and Ornellaia were Italy’s top wines, though Bruno Giacosa and Gaja also traded actively, claiming third and fourth place.
The US, while falling short of its January share of 9.1%, saw an increase from 4.6% to 5.3% this week. Screaming Eagle continues to lead, with both the Sauvignon Blanc and Cabernet Sauvignon changing hands.
Spain, following weeks of diminished trade, saw a slight improvement, its share rising to 3.2%. While Vega Sicilia led by value, La Rioja Alta traded most frequently.
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