- Bordeaux’s share of trade by value rises to 68%
- Vega Sicilia – The best Unico yet?
- The impact of US tariffs
- Our own James Miles on the secondary market for Italian wine
Bordeaux wines claimed four out of five positions in this week’s most traded wines by value, bolstering the region’s share of trade well above its October average. Overall market activity decreased this week, leading to drops in both the value (-17.5%) and volume (-6%) traded. The Liv-ex 50, which tracks the daily price movements of the First Growths, recovered marginally mid-week but finished the week down 0.2% on last Thursday’s close.
Leading the trade by volume was the Italian Felsina Fontalloro 2016, which placed 26th in James Suckling top 100 Italian wines of 2019. The relatively low price points for Italian wines continue to make the region an attractive entryway into the fine wine market.
This week’s most active wine by value was Cheval Blanc 2007 (NM 92). The wine is up 35.6% over the past five years, but still down from its original London release price of £3,600 (12x75cl).
Wines from the 2016 vintage continue to dominate Bordeaux trade. The wines made up 20% of the trade by value this week, and 28% the week prior. An in-depth look into how Bordeaux 2016 are trading compared to vintages of similar quality is coming soon.
Vega Sicilia – The best Unico yet?
Vega Sicilia, Unico 2010 has been released. James Suckling awarded the wine 99 points and Peter Dean emphasised that this is the best one he’s ever tasted. See how it compares to the previous releases here.
Are the US tariffs affecting the market?
Since the World Trade Organization ruled the US can impose 25% tariffs on most EU wines, there have been visible changes in market activity. To find out more about the effects, take a look at our coverage.
Our own James Miles’ thoughts on the Italian Market
Managing Director James Miles gave a presentation on the secondary market for Italian wine at Wine2Wine in Verona. Those who were unable to attend the presentation can now take a look at the corresponding slides here.