Talking Trade – the Rest of the World makes gains

  • Sassicaia 2016 most active wine by value
  • James Suckling announces his Wine of the Year
  • Neal Martin on Burgundy 2016
  • Liv-ex 100 dips 1% in October
  • Port for Christmas?

As trade slowed down in the last week of October, buyers directed their attention towards typically less “active” regions on the secondary market. Australia, Spain, Portugal and Cognac all made small gains.

Bordeaux accounted for 56% of the total trade by value, while Burgundy’s share dipped to 9%. Italy stood at 11.2%, in line with its October average, while Champagne took up 10%.

The 100-point Sassicaia 2016 (Wine Advocate) was the most active wine this week. Its last trade price of £2,282 per 12×75 represents an increase of 80% on its release price (£1,270) and 5% on its current Market Price. Another perfect wine, from Bordeaux, Petrus 2016 (LPB, JS 100), took the second spot.

The recently released Penfolds Grange 2015 was once again in buyers’ sights. The wine last traded 11% below its release price (£4,140).

James Suckling’s Wine of 2019

Today came with the announcement of James Suckling’s favourite wine of 2019: Siro Pacenti, Brunello Vecchie Vigne 2015 – “a perfect example of what makes 2015 Brunello so compelling to buy and drink”, according to the critic. Not only did Suckling award it a 100-point score, but he also claimed the wine was “one of the best Brunellos I have tasted in my career”. Read the full article here.

Neal Martin on Burgundy 2016 reds

Burgundy – the best regional price performer since 2010 and an increasingly active force on the secondary market – remains not only in the trading spotlight but is also in sharp focus from the critics’ perspective. Last week, Neal Martin released his in-bottle scores for the reds from the 2016 vintage, which he had previously concluded was “a puzzle that would be fascinating, frustrating and futile to solve”. Find out more here.

Liv-ex 100 index dips 1% in October

The Liv-ex 100 – the industry benchmark – closed October on 308.36, down 0.96% on the previous month. Three out of the five biggest risers in October came from Champagne: Louis Roederer, Cristal 2009 rose 6.8%, Taittinger Comtes Champagne 2006 – 4.3% and Dom Perignon 2006 – 3.1%. Find out more here.

Port for Christmas?

Port prices have risen 15% over the past 5 years, barely matching global inflation, and underperforming all other regions bar Sauternes. Benefiting from another year in bottle and no price increases, Port is sure to delight buyers this festive season. Find out more here.