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
Tuscan trade share doubles
Weekly trade breakdown
With a trade share of 11.1% over the last two weeks, Tuscany outperformed both the prior week and its average March market share. Sales of Ornellaia Bolgheri from 2001 and 1996 as well as Tenuta San Guido’s Bolgheri Sassicaia from 1999 and 2007 were the main drivers.
The value of Bordeaux trade surged in the first two weeks of April, exceeding its market share from March and accounting for 43.6% of all trade.
All other regions experienced their trade share decline when compared to the final week of March and remain below their March market share. The USA’s share somewhat recovered, increasing to 4.1%.
This week’s most traded wines
In the past two weeks, Louis Roederer Cristal 2015 has dominated sales in anticipation of its arrival on April 17 in the UK.
Another Champagne, Bollinger R.D 2008, which was introduced to the UK market on March 14th, was among the most traded wines in the first two weeks of April. Its release price has increased by 10.4% to its last trade price of £2,650 per 12×75.
Sassicaia 1999 traded at all-time-high. Nine cases were traded for £3,007 per 12x75cl, marking a 26% increase on the price of previous trades back in April 2021.
What we’re reading
Fine wine remains relatively stable amidst economic uncertainty - Harpers
In times of market turmoil, such as the 2008 financial crash, the coronavirus pandemic or the war in Ukraine, fine wine has proved itself to be an asset largely insensitive to macroeconomic uncertainty.
Stronger pound pushes its way to top of league - The Times
The pound is on course to extend its run as the world’s best-performing leading currency this year on the back of a steadily improving economic outlook in Britain.
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