Bordeaux and Burgundy wines continue to lead the trade this week, according to the Liv-Ex Fine Wine 50 index. The Burgundy 150 Index is up 6% on last week, while the Bordeaux 150 rose by almost 10%.
The increase in the Burgundy market was driven by Domaine Leroy, Nuits-Saint-Georges Premier Cru Aux Vignerondes 2011, which rose by 16% to £53,072 per 12×75. Maison Leroy is also in demand, with the Domaine Leroy Musigny Grand Cru 2010 up 11% to £6,544 per 12×75.
In the Bordeaux market, Château Figeac 2009 saw the biggest increase, rising by 23% to £2362 per 12×75. Château Mouton Rothchild 2019 also performed well, increasing by 21% to £5834 per 12×75.
The post-trade release of the 2016 Domaine de la Romanée-Conti Assiette du plateau also drove activity in the Burgundy market this week. The wine, which was released at €85,000 per lot of three bottles, saw strong interest from buyers, with the final price settling at £104,560 per lot. This is a significant increase on the release price, and highlights the ongoing demand for high-quality Burgundy wines.
Dips in the Champagne, the US and the Italian Market
While the demand for Louis Roederer Cristal 2014, Dom Pérignon 2012 and Tignanello 2019 remained strong this week, the overall value of the Champagne market dipped by 1.7% on last week’s levels. The US market also saw a slight decrease in value, down by 0.9%, while the Italian market fell by 2.2%.
The dip in the Italian market was driven largely by falling prices for Super Tuscans, with the IGT Toscana index dropping by 3.2% on last week’s levels. Prosecco also saw a decline in value, down by 1.4%.
Despite these slight declines, all three markets remain strong overall, with the Champagne market up by 16.4% on last week’s levels, the US market up by 13.6%, and the Italian market up by 11.2%.