This week, the wine trading market saw notable shifts in regional trade shares and top traded wines, highlighting dynamic trends across Bordeaux, Burgundy, and Tuscany.
Regional Trade Dynamics
Bordeaux continued to dominate the trade, capturing 41.1% of the regional share by value. This marked an increase from the previous week's 37.2%, aligning with its January average. Meanwhile, Burgundy experienced a remarkable surge, rising to 24.6% from 13.1% last week. This increase was driven by active trading involving renowned estates such as Domaine Bonneau du Martray, Domaine Georges Roumier, and Domaine Dujac.
Champagne also made gains this week, claiming 11.1% of the trade share, propelled by activities surrounding Dom Pérignon, Louis Roederer, and Jacques Selosse. Conversely, Tuscany, Piedmont, and the USA witnessed declines in trade volume, falling below their January averages. The USA, in particular, saw a substantial decrease from 16.0% to 3.3%, following a strong performance in the preceding week.
Top Traded Wines
The top traded wines this week predominantly hailed from Bordeaux and Tuscany. Leading the pack was Château Margaux 2017, trading at GBP 3,500 (EUR 4,102) per 12×75. Despite a 19.0% decrease from its release price, the wine garnered high acclaim with 97 points from critics Lisa Perrotti-Brown and Antonio Galloni.
Château Ausone 2011, Château Pavie 2016, and Château Lafite Rothschild 2010 also featured prominently among the top trades. Notably, both Château Pavie 2016 and Château Lafite Rothschild 2010 received perfect scores of 100 points from Lisa Perrotti-Brown.
In Tuscany, Biondi-Santi Brunello di Montalcino Riserva 2010 secured a notable position with a trading price of GBP 3,380 (EUR 3,961) per case, below its market price of GBP 4,000 (EUR 4,688) per 12×75. Critic Monica Larner praised the wine with 96 points, describing it as "splendent and focused."
Spirits Highlights
In the spirits realm, Balvenie Single Malt Tun 1509 Batch 4, Speyside, traded at GBP 320 (EUR 375) per bottle, showcasing continued interest and investment in premium spirits alongside fine wines.
Conclusion
The dynamic shifts in regional trade shares and the prominence of specific wines reflect evolving market preferences and investor confidence. As Bordeaux and Burgundy lead the charge, with Tuscany closely following, these trends underscore the resilience and adaptability of the wine market amidst changing economic landscapes and consumer preferences.
Source: Liv-ex