Fine wine market sees surge in trade
Fine wine trade surged in the week through September 17, with the value of all transactions climbing 53 percent on the previous week and volume gaining 31 percent, online trade platform Liv-ex reported on Friday.
Bordeaux maintained a commanding lead over the other major wine regions, though its trade share dipped slightly to 68.3 percent. Champagne was the big gainer, climbing to a market share of 18.6 percent, buoyed by lively demand for Salon, Mesnil 1999 and for the recently released Taittinger 2006. The big loser was the Italian wines, whose share slumped from 9.8 percent to only 2.3 percent.
First Growths were behind more than half of Bordeaux’s trade share by value, accounting for 39.8 percent of all activity on the market. Mouton Rothschild and Haut Brion, the only Premier Crus to have climbed over the past year, were the most active last week, accounting for 13.8 and 12 percent of all trade, respectively.
Mouton Rothschild 2000 (£11,700) and Haut Brion’s 2009 (£5,370) and 2013 (£1,784) accounted for 11.3 percent between them, though the top spot was claimed by Salon, Mesnil 1999 (£2,080) with a share of 8.1 percent. Taittinger 2006 (£700) completed the top five value-wise with a share of 5.6 percent.
In terms of volume, Taittinger was king with a 10.7-percent share, ahead of Pailleres Gigondas Terrasse Diable 2011 (£134) with 5.5 percent and Salon’s 1999 Mesnil with 5.1 percent.