Last week on the wine market
Stay up to date on the current trends of the wine investment market with our weekly summary. Burgundy saw the largest jump in trade share
Weekly trade breakdown
Bordeaux experienced a small decline in trade from the previous week’s figure of 49.5%. Nonetheless, Bordeaux still had three of the top-traded wines.
In contrast, Tuscany experienced a significant increase in its trade share, rising to 12.7% this week compared to just 3.4% last week. This surge was primarily driven by wines like Sassicaia 2019, which claimed the top spot among the most traded wines. Additionally, Sassicaia 2016 and Soldera Case Basse, a 100% Sangiovese wine from Toscana 2018, also saw active trading.
Piedmont also witnessed a notable increase in its trade share, reaching 7.6% this week compared to 2.7% last week. Giuseppe Rinaldi’s Barolo Tre Tine 2019 secured the fifth position among the most active wines, with the 2018, 2013, and 2019 vintages of Giuseppe Rinaldi’s Barolo Brunate contributing to the region’s trade share growth.
The Rhône region experienced a slight uptick in its trade share, rising from 1.2% last week to 1.8% this week.
All other regions including Burgundy, Champagne, the USA, and the ‘Others’ category observed a decline in their respective trade shares. Among them, the USA experienced the most significant decrease, falling to 3.8% from 4.8% last week.
This week’s most traded wines
Once again, Bordeaux took the lead with three wines ranking at the top. Tuscany and Piedmont also had representation among the most active wines.
The wine that claimed the top spot in terms of trade value last week was Sassicaia 2019. It received a rating of 94+ points from Antonio Galloni (Vinous). The last trading price for this wine was £2,544 per case, surpassing its current market price of £2,300 per case, indicating a 15.6% increase since its release.
As for the top-trading wines from Bordeaux, they included Pétrus 2020, Château Ausone 2018, and Château Lafite Rothschild 2009.
Château Lafite Rothschild Classé 2009 had an initial release price of £11,000 per case, experiencing a decline of 29.1% compared to its current market price.
However, despite this drop, the wine has shown an overall increase in value over the past 5 years. It reached a low point of £6,760 in early 2020 and has since rebounded to its current price of £7,802.
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