Talking Trade – Lafite Rothschild 2003 leads Christmas trade

By December 27, 2019Fine Wine Market, Talking trade
  • Bordeaux leads Christmas trade
  • Lafite Rothschild 2003 most active
  • The broadening of the fine wine market
  • Fine wine in the news

Bordeaux led trade over the festive period, accounting for 57.5% of the total value, up from 46% the previous week. Burgundy (14.2%) and Champagne (10.4%) drifted slightly, while Italy (9.7%) and the Rhone (2.0%) remained steady.

The ‘Others’ category saw small uptick this week (5.2%): wines from Austria, Portugal, and Spain all found the bid, along with some Scottish whisky.

The top traded wines this week were from Bordeaux, Italy and Champagne, with Lafite Rothschild 2003 being the most active. Back in 2014 Robert Parker awarded the wine a perfect 100 points and said it “comes as close to perfection as any of the great Lafites made over the past three decades (1982, 1986, 1996, 2000, 2005, 2008, 2009 and 2010).” It last traded at £8,800 per 12×75 on Christmas Day.

The broadening of the fine wine market

Over 7,000 different wines traded through the secondary market in 2019, compared to 5,700 in the previous year. Since 2015, the number of brands trading alone has increased by 115%. Wines traded this year have come from Germany, Switzerland, China, England and Hungary – not regions commonly associated with a vibrant secondary market. Find out more.

Fine wine in the news

December was a busy month in the press for the fine wine market, with several outlets such as the Financial Times, Decanter, Harpers and Barron’s Penta picking up on its performance in 2019. The drinks business, on the other hand, offered a selection of fine wine labels to watch in 2020.