In the latest wine market report, Bordeaux continues to dominate weekly trade, followed closely by Burgundy, Champagne, and Tuscany. Bordeaux secured a strong 30.9% share of traded value, edging up from last week’s 30.5%.
Among Bordeaux's top performers, Château Latour and Château Lafite Rothschild led the region, claiming 10.6% and 10.2% of Bordeaux's total trade, respectively.
Burgundy’s Significant Surge
Burgundy made notable strides this week, capturing a 28.4% share of traded value, up from 21.3% the previous week. This rise underscores Burgundy’s strong presence in the market, driven by high-value wines and a significant volume of trades. Notably, three Burgundies were among the top-traded wines of the week, reflecting the region's growing appeal.
The 2022 vintage has begun to make its mark, with Domaine Coquard Loison Fleurot's Clos de la Roche Grand Cru and Domaine Fourrier’s Gevrey-Chambertin Clos Saint-Jacques Vieille Vigne both entering the top five traded wines. The 2022 vintage now accounts for 6.2% of Burgundy’s trade year-to-date, signaling its increasing influence.
Champagne’s Mixed Performance
Champagne experienced a slight decline in traded value, but Bollinger R.D. 2008 emerged as the top-traded wine of the week. The Bollinger R.D. 2008 was notable for both its value and volume, with high-volume trades driving its prominence. Transaction prices for this wine have shown volatility, with trades this month ranging between GBP 1,948 and GBP 2,200 (approximately EUR 2,275 to EUR 2,569) per 12×75, excluding large formats.
Tuscany’s Rising Share
Tuscany’s trade share also saw an increase, climbing from 8.0% to 9.9%. The region’s top-traded wine by value was Tenuta San Guido’s Sassicaia 2016, followed by three vintages of Masseto—2014, 2020, and 2007. The market eagerly anticipates the September release of Sassicaia’s 2021 vintage, which received a perfect 100 points from Antonio Galloni of Vinous. The upcoming release, through La Place de Bordeaux, is expected to attract significant attention.
Sassicaia 2016 traded at GBP 3,580 (approximately EUR 4,182) per 12×75, slightly below its Market Price of GBP 3,640 (approximately EUR 4,257). Despite market fluctuations, the price of Sassicaia 2016 has shown steady appreciation since its release at GBP 2,160 (approximately EUR 2,522) in early 2019.
US Wines and Spirits Market Highlights
The USA's share of trade saw a decline, dropping from 11.2% last week to 5.8% this week. However, key labels such as Harlan Estate and Opus One remained active in the market.
In the spirits category, a standout transaction involved a single bottle of Macallan’s Red Collection Speyside Highland Single Malt 40YO, bottled in 2020. The bottle changed hands for GBP 12,750 (approximately EUR 14,889), aligning with recent auction prices ranging from GBP 12,600 to GBP 14,000 (approximately EUR 14,712 to EUR 16,338). This transaction highlights the whisky’s resilience, although it still reflects a notable decrease from its peak auction price of GBP 20,000 (approximately EUR 23,357) in 2022.
Bordeaux Trade: Volume vs. Value
While no Bordeaux wines ranked among the top five traded by value, Le Pauillac de Château Latour 2016 emerged as the third top-traded wine by volume. This week, it traded at GBP 560 (approximately EUR 654) per 12×75, slightly below its initial release price of GBP 570 (approximately EUR 666) in 2021. Despite this, Bordeaux continues to maintain a dominant presence in the market, reflecting its ongoing appeal among traders.
Conclusion
This week's wine trade highlights the dynamic shifts within the market, with Bordeaux maintaining its lead while Burgundy makes significant gains. The strong performance of top labels from Tuscany and Champagne, along with continued interest in select US wines and premium spirits, underscores the diverse interests of wine collectors and investors. As new vintages enter the market, the trade landscape is expected to evolve, offering fresh opportunities for both regions and producers.
Source: Liv-ex