Burgundy and Bordeaux wines dominated trading activity this week, showcasing varied performances amidst shifting market dynamics.
Burgundy's Market Resurgence
After a recent dip, Burgundy bounced back impressively, reclaiming a significant portion of its trade share to reach 23.5% by value. This resurgence was fueled by standout contributions from esteemed producers such as Domaine Ponsot, representing 13.3% of Burgundy trade, followed by Coche Dury Domaine at 9.6% and Domaine Bonneau du Martray at 8.1%.
Champagne and USA Gain Momentum
Champagne also saw improved trade activity, increasing its share from 8.1% to 10.2% this week. Notably, Nicolas Maillart, Platine Extra Brut NV emerged as the most traded wine by volume, accompanied by strong performances from names like Egly-Ouriet, Jacques Selosse, and Dom Pérignon.
Meanwhile, the USA witnessed its trade share rise to 5.5%, driven by the presence of eight vintages from Harlan Estate Winery on the exchange. The upcoming release of Harlan 2020 in the UK, priced at GBP 16,200 (EUR 18,971) per case, drew attention despite receiving lower ratings from Antonio Galloni, prompting interest in alternative vintages.
Challenges for Tuscany
Conversely, Tuscany experienced a decline in its trade share, dropping to 9.1%, despite notable volume activity driven by wines like Sassicaia 2021, released internationally at GBP 2,500 (EUR 2,928) per 12×75. This vintage, acclaimed with 100 points by Monica Larner, presents an intriguing prospect for future market movements, albeit below Liv-ex's Fair Value line compared to its 2016 counterpart.
Bordeaux's Mixed Performance
Despite facing challenges, Bordeaux maintained prominence with notable wines like Château Mouton Rothschild 2010, Le Petit Mouton de Mouton Rothschild 2021, and Carruades de Lafite, Pauillac 2021 securing top spots in the value-driven trades. However, the region's overall trade share saw a decline this week.
Top-Traded Wines
Highlighting the diversity of the market, two Burgundian wines stood out among the top-traded by value: Domaine Ponsot, Clos de la Roche Grand Cru, Cuvée Vieilles Vignes 2019 and Coche-Dury, Meursault 2020. The former, released at GBP 4,500 (EUR 5,270) per 12×75, garnered significant attention despite trading slightly below its market price.
In the spirits realm, The Macallan, Highland Single Malt The Harmony Collection Rich Cacao Sherry Seasoned Oak Casks, Speyside NV and Clase Azul, Reposado Tequila and Gold Tequila featured prominently, reflecting ongoing interest in premium spirits.
Conclusion
This week’s trading patterns underscored Burgundy’s resurgence and Bordeaux's resilience amidst varied regional performances. As market conditions evolve, attention remains on upcoming releases and the impact of critical ratings on buyer preferences across the fine wine and spirits sectors.
Source: Liv-ex