Champagne and Italian trade climbs in October
Champagne trade accounted for 20.3% of trade in the first week of October.
Taittinger’s Comtes de Champagne, Louis Roderer Cristal and Jacques Selosse were among the week’s top-traded labels.
Regional trade this week
Bordeaux, Burgundy and Champagne all accounted for trade shares of 20.0% this week, a big climb for Champagne but a sizable reduction for Bordeaux after the last week of September.
Despite the quite recent consolidation period for Italian wines, trade for both Piedmont and Tuscany grew significantly on last week’s performance. Giacomo Conterno’s Barolo Monfortino Riserva was the top-traded Piedmontese wine and Sassicaia and Masseto topped Tuscan trade.
Spain, with 1.0% of total trade, was the most in-demand country away from the main regions.
This week’s top traded
Three Champagnes dominated trade this week, with Taittinger Comtes de Champagne 2011 in the top spot. The Champagne has traded numerous times year-to-date and has risen 10.2% in value during that time. Its 2012 vintage is due to be released soon.
Meanwhile, appetite for Louis Roederer Cristal 2008 continued. It is the single most traded wine so far this year (followed by its 2014 vintage).
The beginning of a new month means this week was mostly dominated by analysis of the leading fine wine indices in September.
Both of the leading fine wine indices, the Liv-ex Fine Wine 100 and Fine Wine 1000, made gains in September, of 1.9% and 2.1% respectively.
Penfolds also released its latest vintage of Grange. The 2018 was released and it has a score of 99-points from The Wine Advocate.