This Week In Fine Wine: Total trade value rose 53.6% week-on-week
In this week’s wine market news, total trade value rose sharply as buying activity from US and European buyers increased.
In this week’s wine market news, total trade value rose sharply as buying activity from US and European buyers increased. Bordeaux and Burgundy both recorded strong gains in purchase value, while back-vintage Bordeaux and Tuscany remained key areas to watch.
- Total trade value rose 53.6% week-on-week, driven by a rise in purchasing from US and European buyers.
- Bordeaux and Burgundy purchase value rose 36.7% and 31.0% respectively week-on-week.
- Back vintage Bordeaux continues to be a category to watch, the Legends 40 up 0.8% month-on-month and leading wines figuring in this week’s top-traded.
Despite its share falling slightly on last week, Bordeaux continued to hold a strong lead of the market. Lynch-Bages was the top-traded producer of the week. As recent analysis has shown, Lynch-Bages is a brand to watch, with the brand-level index up +5% over the past 12 months.
Burgundy’s share also fell below recent levels despite trade value rising. DRC was the region’s top-traded producer, followed by Pierre-Yves Colin Morey which had a strong week having seen trade across a broad range of cuvées.
Tuscany bounced back after a quiet week last week, with trade value more than tripling week-on-week. Masseto was the region’s top-traded producer. In the week it was released, the 2023 traded 6.4% below its release price.
Missed last week’s trade blog? Read it here.
