Fine wine market sees Italian vintages on the rise
Fine wine investors have pared back trading in Bordeaux wines in the week through September 10, while Italy and Others (US, Australia, etc.) maintained a solid footing, London-based wine trading platform Liv-ex reported on Friday.
The Bordeaux share of overall trade by value dipped back below 70 percent, though still above Augusts’ 66.9 percent average. First Growths accounted for 32 percent of all trade, which was lower than last week but higher than the yearly average.
Italy’s share gained more than three percent to 9.8 percent, while Others surged more than four percent to 6.1 percent. Champagne accounted for 9.8 percent of all trade. The Rhone dropped below one percent, while Burgundy inched up to 3.7 percent, with both regions remaining below August averages.
In individual wines, Latour 2004 (£3,120 per 12-bottle case) raced ahead of the competition, claiming 8.1 percent of all trade by value. Recently released Taittinger, Comtes 2006 (£678) was a distant second with 4.2 percent, while Sassicaia 2010, Lafite Rothschild 2009 (£5,800) and Petrus 2004 (£13,670) completed the top five.
Volume-wise, Taittinger’s 2006 Comtes topped the chart with 6.6 percent of all trade, while Clerc Milon 2012 accounted for 6.5 percent. Bernadotte 2005, Sassicaia 2010 and Perrier Jouet, Grand Brut also traded in high volumes.