- Italy and Champagne’s trade shares rise on last week
- Sassicaia 2016 hits new record
- Fine wine releases this September
- Spotlight on… Palmer
After sluggish market activity in the middle of the month, trade by both value and volume rose on last week. While Bordeaux’s share by value dipped to 43.7%, the Liv-ex 50 index, which tracks the price performance of the First Growths, made gains again (+0.4%). Champagne and Italy gathered momentum to account for 10.1% and 18.1% of the total trade respectively.
USA and the Rhone also improved, while Burgundy fell to a still strong 19.2%.
Sassicaia 2016 saw plenty of activity this week. Its last trade price of £2,387 per 12×75 set a new record and represented an increase of 88% on the wine’s release price.
The other most traded wines came from Champagne. Ruinart, Cristal 2006 and Belle Epoque 2008 accounted for half of the trade by value from the region this week.
Five fine wine releases to look forward to next month
Every September, La Place de Bordeaux releases some of the most sought-after wines from the Rhone, Italy and the Rest of the World. Next month, fine wine drinkers and collectors can look forward to the 2016 vintage release of Masseto, Solaia and Opus One, as well as the 2017 Seña and Beaucastel Hommage J Perrin. Find out more about the market performance of these brands and what the critics are saying about the new releases, here.
Spotlight on… Palmer
The 2018 Palmer release proved more than just “a freak of nature” (AG, Vinous). Despite tiny production volumes and a higher price tag than any previous release, the wine was reportedly in high demand and quickly sold out. But it is not only the latest vintage that demonstrates Palmer’s market strength. This week, we covered Palmer’s performance over the past decade, looked at the current Market Prices of different vintages versus their critic scores, and the power of the brand. Read our Spotlight on… Palmer to find out how history and consistent quality have influenced its investment potential.