This week on the wine market
The rise in oil prices, additional central bank interest rate increases, and geopolitical unpredictability all contributed to the global equity market’s finished of September firmly in bear market territory.
In particular, the Hang Seng struggled. First, because of China’s zero-covid policy is impeding the country’s economic growth. Then came the recession, which was accelerated by the domestic housing market collapse, The Yuan also had trouble holding its value against the soaring US Dollar.
The Liv-ex Fine Wine 50 only increased 1.3% in Q3, yet even this minor change allowed it to outperform international equities and commodities.
Burgundy once again surpassed Bordeaux in terms of market share this week. Both regions saw an increase in trade from last week, with the 2019 and 2009 vintages leading trade for Bordeaux, and trades of the prestigious Domaine Leroy boosting Burgundy’s trade share.
On the other hand, Champagne, USA, and all Italian regions experienced a dip from last week’s figures. However, there was still brisk demand for the most recent releases of some major labels including, Louis Roederer Cristal 2014, Dom Perignon 2012, and Tignanello 2019.
This week’s top traded wines
Domaine Leroy, N-S-G Aux Vignerondes 2012
Last traded price | £53,072
Total week's trade | £79,608
1YR Price change | +246.71%
Maison Leroy, Volnay 2003
Last traded price | £6,544
Total week's trade | £44,400
1YR Price change | -8.45%
Mouton Rothschild 2019
Last traded price | £5,834
Total week's trade | £35,342
1YR Price change | +25.96%
Maison Leroy, S-L-B Rouge 2018
Last traded price | £4,610
Total week's trade | £27,660
1YR Price change | -19.56%
Figeac 2009
Last traded price | £2,362
Total week's trade | £27,094
1YR Price change | +16.17%
Unsurprisingly, this week’s top-traded wines were all from Bordeaux and Burgundy.
Both Domaine and Maison Leroy’s wines set the standard for Burgundy. Since October 2021, there has been a clear rise in demand for all Leroy labels, resulting in steady price increases.
Mouton Rothschild led the trade for Bordeaux. The 2019 vintage was released at £3,990 per 12×75 in summer 2020, the wine now carries a market value of £5,920, an increase of 49.37%.
Figeac trading at all-time highs
Since its promotion in the Saint-Emilion classification last month, several vintages of Chateau Figeac have traded at all-time highs.
The above graph is for the 2009 vintage which has appreciated by 14.15% (£290) in the last 3 months, with a last traded price of £2,362 per 12×75. In the last 30 days, 23 cases have traded on the market for an average price of £2,356 per 12×75.
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