This Week In Fine Wine: Bordeaux back on top; US buyers claim 45% of weekly trade
Bordeaux reclaimed its lead of the market from Burgundy, accounting for 37.4% of traded value.
- Bordeaux reclaimed its lead of the market from Burgundy, accounting for 37.4% of traded value.
- Two vintages of Latour – the 2006 and the 2009 – featured amongst the top five wines by traded value
- With many European members away from their desks for August, US buyers took the lead, claiming 45% of purchased value
Bordeaux reclaimed its lead of the market, its share of trade rising from 27.0% last week to 37.4% this week. Latour was the region’s top-traded producer, across vintages accounting for 20% of the region’s traded value.
Burgundy’s share fell from 42.8% last week to 27.8% this week. Nevertheless, high value, rare wines from the region continued to trade actively, with Domaine de la Romanee-Conti, Leflaive, Leroy and Kei Shiogai in the lead.
Champagne followed in third place with an 11.6% share of the market. Salon was the top-traded producer across vintages, though Jacques Selosse’s Substance was the top-traded individual wine.
Demand for Italian wines remained weak, Tuscany and Piedmont together accounting for just 9.3% of traded value. Tignanello and Gaja, Barbaresco were the regions’ top-traded wines by value respectively.
Spain had a strong week, claiming 4.8% of traded value, thanks largely to US purchasing of Vega Sicilia.
