The fine wine market regained its normal pace this week following an intense Bordeaux 2019 En Primeur campaign. Members are agreed, the campaign has been a success, but not without its challenges. Bordeaux 2019 secondary market trade has far surpassed that of 2018 and for the first time in years, several wines are trading at a happy premium to release, albeit a modest one.
But despite the light shining brightly on Bordeaux, the regions share of trade by value (43.8%) drifted from last week. The region has now spent five out of the first six months of the year below the 50% mark. In 2019, it only spent three months under 50%, the year before that, none.
Burgundy and Champagne both had active weeks – the former recording its largest monthly trade share of the year in June. Champagne trade (17.1%) was led by large volumes of non-vintage Ruinart, Blanc De Blanc and Taittinger, Brut Reserve.
Italy (10.0%) and Rhone (2.1%) both increased their share while USA (6.9%) and Others (4.8%) drifted.
Screaming Eagle, Cabernet Sauvignon 2017 was the top traded wine by value this week. The wine released only in magnum (150cl) due to complications from the California wildfires in 2017. This now marks its second week in the top five. Its prices marginally higher this week.
Neal Martin tasted Angelus 2012 in early 2017 noting “this is a well crafted and opulent Saint Emilion with a long future ahead and it may warrant a higher score in the future.” The wine has risen 74% from its London opening price (£2,000), having been released with a celebratory label to mark its elevation to Grand Cru Classe A.
Three Champagnes made the top five including two Moet & Chandon Dom Perignon Roses limited editions. The 2004 was designed by Michael Riedel and the 2003 by Jeff Koons, both traded at £2620 per 12×75.
Liv-ex Indices in June