Talking Trade: Italy and the USA lead the way

fw50

While trade by value declined this week, the overall volume traded increased as buyers focused on more accessibly priced wines. It was another slow week for Bordeaux: the region took a low 56.4% of trade by value. The Fine Wine 50 also dipped slightly (-0.2%), closing Thursday at 337.10.

Despite this, First Growth trade share increased to 17.1% by value. Overall, Haut Brion was the most active, but Lafite Rothschild 2015 was the top individual wine traded.

regional

It was a busy week for wines from a number of Italian regions.  Altesino Brunello Montalcino 2010, Renato Ratti Barolo Marcenasco 2011 and Sassicaia 2013 were all among the top wines traded.

The USA also saw a solid week, with its trade share at 6.2%. The acclaimed 2012s, which have been compared to Bordeaux 2009 and 2010 in terms of quality, proved popular. 100-point Screaming Eagle 2012 was among the top wines traded by value. Verite Joie 2012 and Verite Desir 2012 also found the bid.

value

Mouton Rothschild 2002 traded at £3,925 per 12×75 this week, just £25 below its previous all-time high of £3,950. Its latest trade price represents an increase of 36.5% on the beginning of the year.

mouton

Looking for weekend reading? This week, Liv-ex published a second blog on Lafite –  Quantifying Lafite’s brand value. You can also view blogs on the Liv-ex members’ survey Fine wine merchants underestimate price rises in 2016 and read about Burgundy – highest risers.


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