August 15, 2024
Chateau Angelus leads weekly trade
Jamie Ritchie, Sotheby’s Wine & Spirits Worldwide chairman, joins ‘The Exchange’ to discuss alternative investing.
Weekly trade breakdown
Bordeaux’s trade share decreased this week, down from 41.8% the previous week to 34.7% this week. All other regions saw an increase in their market shares as a result.
Argentina (0.2%), Australia (0.3%), Chile (0.1%), China (0.1%), Germany (0.4%), New Zealand (0.1%), Portugal (0.1%), Spain (0.8%), and Switzerland (0.2%) made up the majority of this week’s trade for the “other” areas.
This week’s top traded wines
Château Angélus 2014 was the week’s most traded wine. Since 2021, the wine’s price has been increasing, and in mid-November of this year, it reached a new record high.
Sassicaia 2019 also scored a place in the top traded wines this week. It was awarded 100 points by The Wine Independent in September and has become the most traded Italian wine this year.
What we’re reading
Investible wine markets hit new highs in 2022 - Barrons
“Fine wine markets had another record year in 2022 as investors’ interest in alternative, tangible assets continued to grow.”
UK economy rebounds by more than expected in October - Financial Times
“October’s GDP growth reversed almost all the 0.6% fall in September. However, GDP shrank over the three-month period, heralding a likely prolonged recession”
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