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
December 4, 2023
Latour 2015 released
Last week, Chateau Latour Premier Cru Classe, Pauillac 2015 was released in the UK at £6,300 per 12×75.
When comparing to Neal Martin scores, the release price would need to be closer to £5,000 mark in order to fall under the ‘Fair Value’ mark.
Consider the 2012 vintage, which is below the fair value line, if you’re a buyer seeking for value.
Weekly trade breakdown
The USA was in the limelight this week because it accounted for 15.8% of global trade in value. Trade was driven by a number of high-quality Californian wines, with Opus One 2015 and 2019 both appearing among this week’s most traded wines.
The trade volumes for Burgundy and Champagne increased over the prior week by 26.9% and 10.4%, respectively. Champagne sales, however, are still below their 14.2% February average.
5% of the overall trade value was allocated to the “Others” category. Wines from Switzerland, Spain, Australia, and Germany were significantly responsible for the demand.
This week’s top traded wines
Among the most popular traded wines this week were Château Lafleur 2017 from Pomerol and Louis Roederer Cristal 2005 from Champagne.
Opus One from Napa Valley, however, was the focus this week. The most traded wine this week was the 2015 vintage. When compared to its release price (£2,700 per case), its last trade price of £3,750 per 12×75 case constitutedrepresents a 38.9% rise.
The price of the wine this week reached an all-time high of £3,800 per case.
Opus One 2019 was also in the top five and recently traded at £3,302 per 12×75, an all-time high price.
Moreover, Opus One 2010 was the third Opus vintage to trade at an all-time high this week, despite not being one of the most popular wines traded this week.
What we’re reading
Place de Bordeaux March 2023 releases: from 100-point Napa to Italian gems - Decanter
Silicon Valley Bank wine boss ‘hopeful’ interested parties will buy wine division - The Drinks Business
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