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
Lynch-Bages 2016 leads weekly trade
Weekly trade breakdown
The USA’s trade share fell to 2.0% this week, after several high-value wines from California drove the category to a high of 15.8% last week.
As a result, every region’s share of trade by value improved this week. However, Bordeaux, the Rhône and Tuscany remained below their February averages.
Burgundy had a particularly strong week, with 29.9% of total trade by value – up on its February average of 21.3%. This was part in thanks to some high-value trades of Domaine de la Romanee-Conti La Tache, Domaine Comte Georges de Vogue Musigny, Coche-Dury Meursault and Domaine Leroy.
This week’s top traded wines
The top traded wines this week came from Bordeaux, Champagne and Tuscany.
From Champagne, two Louis Roderer Cristal wines made it into the top five: Louis Roederer Cristal 2005 and Louis Roederer Cristal Rosé 2013. Super Tuscan, Tignanello 2019 was also active.
However, Chateau Lynch-Bages 2016 was in the top spot. It’s last trade price of £1,270 per 12×75 represents an 13.4% increase on release (£1,120 per 12×75). Jane Anson (Inside Bordeaux) scored the wine 99-points in March 2022 and said it was ‘great stuff’, adding ‘this is one to savour over the long term’.
First Growth Chateau Margaux 2006 was also among the most active wines and last traded at £4,218 per 12×75. Excluding a trade for an Imperial in August 2021 (which often trade at a premiums), the wine’s last trade price represents an all-time high for the wine.
What we’re reading
Champagne Is Outperforming Gold and the S&P 500. Here’s What to Buy - Bloomberg
Fine fizz is even beating Burgundy. Here are eight expensive bottles of bubbly worth splurging on.
Meet the author: Neal Martin - The Drinks Business
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