- Champagne, Burgundy and Italy make steady gains
- Taittinger, Comtes Champagne Rose 2007 most active wine
- The increased demand for Italian wine
- Penfolds Grange 2015 released
- Liv-ex October Market Report published
Trade by both value and volume increased this week and regional activity was more evenly spread than ever before. Bordeaux’s share by value slipped to a record low of 31.4% as trade instead focused on Champagne (22.3%), Burgundy (19%) and Italy (17.3%). Still, the Liv-ex Fine Wine 50 index, which tracks the performance of the First Growths, rose 0.2% on last week’s close.
Within the ‘others’ category, Australia accounted for the majority of trade – 2.6% to be exact, more than the Rhone, which stood at 2.4%. Activity for the New World wine region was stimulated by the recent UK release of the latest Penfold collection, with Grange 2015 taking centre stage.
The most active wines this week were predominantly Champagnes, with the Super Tuscan Sassicaia 2016 and the Burgundian star DRC Richebourg 2016 also making their presence felt.
Taittinger, Comtes Champagne Rose 2007 took the first spot, with a last trade price of £980 per 12×75. The 2007 Champagne vintage proved popular, taking up 40% of the regional trade by value, followed by the 2002 at 23%. From the latter, Moet & Chandon Dom Perignon P2 and Salon Le Mesnil were most active.
The increased demand for Italian wine
Demand for Italian wine has been growing, as proven by the rising value of bids and offers on the market. Back in 2015, the total value of Italian bids and offers stood close to £2m. It now surpasses £5m and is largely driven by active buyers. Click here to find out more, or take a look at our latest extended report, The fine wines of Italy: past, present and future.
Liv-ex October Market Report released
The Liv-ex October Market Report has been released. Containing all the latest Liv-ex research and analysis, the full issue includes a monthly market summary (“Fine wine for turbulent times”), a rich mix of major market movers, Jeb Dunnuck’s latest insights on the Southern Rhone and a Final Thought under the title “The Italian divide: Piedmont and Tuscany”. Click here to find out more.