This Week In Fine Wine: US buyers maintain lead; focus on top vintage Bordeaux
Despite buying less than last week (by value) US buyers continued to lead the market, claiming 41% of traded value.
- Bordeaux took a strong lead of the market, taking 44.3% of traded value, buyers largely opting for top end, strong vintages.
- Lafite 2016, Lynch-Bages 2020 and Leoville-Poyferre 2009 were the week’s top-traded wines by value. All three have seen steady upward price movement over the past few months.
- Despite buying less than last week (by value) US buyers continued to lead the market, claiming 41% of traded value.
Bordeaux dominated trading this week, accounting for 44.3% of total traded value as buyers gravitated towards the region’s top recent vintages. US demand remained a key driver, with American buyers responsible for 50.9% of Bordeaux trade by value, particularly in the 2009, 2016, 2020 and 2022 vintages.
Burgundy retained second place but saw its share of trade fall to 21.6%, from 28.2% the week before. The region’s activity was led by Domaine de la Romanée-Conti and Jean-Claude Ramonet, which together represented more than a third of Burgundy trade.
In Champagne, trading volumes fell, with the region’s share slipping to 7.8%. Following the passing of Yayoi Kusama, Veuve Cliquot – who partnered with the artist for their 2012 vintage – saw higher demand, accounting for 23.1% of the region’s trade.
Among Italy’s leading regions, Piedmont edged ahead of Tuscany by traded value. Gaja and Giacomo Conterno were the region’s principal drivers of activity, while San Guido led trading in Tuscany.
Copilot said:
It’s clear, but I’d make it a little more natural and polished for a blog:
Missed last week’s trade blog? Read it here.
