Talking Trade – The 2021 autumn La Place campaign nears completion

One of the recent La Place releases topped the list of the most traded wines by value this week, as the campaign reacheits final stages.  

Round-up of La Place releases

The past week saw more wines released through La Place de Bordeaux, including the latest Vérité collection and the first vintage of Telmo Rodriguez’s new wine Yjar yesterday.   

Le Petit Cheval Blanc 2019 also featured among yesterday’s releases. The St Emilion estate’s white wine offered at £1,008 per 12×75 and boasts 94-points from Jane Anson.  

A number of Australian wines were also offered through La Place this year, alongside newcomer Penfolds Bin 169. 

Wynns Coonawarra Estate John Riddoch Cabernet Sauvignon 2018 is being offered internationally for £840 per 12×75. It received 97-points from Anson, who noted that it was “impossible to miss the personality and swagger on this wine”. 

The wines of boutique Margaret River winery Cloudburst were also released. Its 2019 Chardonnay is being offered for £1,404 per 12×75 (JA 98); Cabernet Sauvignon 2018 – at £1,752 per 12×75 (JA 96); Malbec 2018 – at £2,160 per 12×75 (JA 95).  

Regional trade 

Bordeaux, Burgundy, Italy and the Rhône increased their share of trade on the previous week. The First Growths accounted for 31% of Bordeaux’s total trade. As recently examined, Bordeaux’s First Growths remain the most traded brands by value in Asia – though wines from Italy and Champagne have topped the year-to-date rankings by volume. 

Burgundy saw the biggest jump this week, increasing its share from 16.9% to 22.1%, as the region is set to take over 20% of the total market for the first time on an annual basis. 

Meanwhile, Champagne’s share almost halved from last week, and the USA and ‘others’ dipped slightly too.  

Top traded wines

 

Joseph Phelps Insignia 2018, released internationally this week, was the most traded wine by value. It last traded at £1,860 per 12×75, down 4.9% on its release price (£1,956). 

2000 Bordeaux also made two of the five top places, although not for the auction-breaking Mouton Rothschild, which chalked up another record in Hong Kong this week.  

Lafleur 2000 last traded at £18,800, up 437.1% on its release price (£3,500). Eglise Clinet 2000 last traded at £3,800 per 12×75, up 245.5% on its release price (£1,100).  

Lafleur 2000

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