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Talking Trade – Saturnalia offers a glimpse on 2020

By November 27, 2020Fine Wine Market, Talking trade

The team at Ticinum Aerospace released their 2020 Bordeaux harvest report this week which included their top scoring wines of the vintage. Using a combination of satellite and ground data which is then applied to their algorithm, they analyse a vintage’s quality, offering an early insight into next year’s release. Last year, there was less than a one-point difference in average score when compared to the scores of Vinous’s Antonio Galloni– shown in the chart below.

This week, Bordeaux made up 36.3% of secondary market trade by value, showing a steady share against October’s average. But there is little doubt that in 2020 the fine wine market has become a lot broader. This is the third consecutive week of elevated trade suggesting November is set to be one of the busiest months of the year.

Burgundy (23.3%) trade increased this week, helped again by white Burgundy (6.3%). Champagne (10.8%), Italy (15.2%) and Others (8.0%) all made gains on the week. Others’ trade was led by good volumes from Chile and Portugal, seen below.

The Rhone (2.4%) and USA (4.0%) both drifted.

Mondavi & Chadwick, Sena 2017 was this week’s most traded wine by value, boosting Chile’s regional sales to a weekly high. The 2013 vintage also found the bid yet at a slight discount (£748), despite carrying an identical critic score (96, WA).

‘Others’ trade was also boosted by Whitwhams, Millenium Port 1880. A wine with quite a story. Jancis Robinson awarded it 18/20 points noting it was, “long, rich with some rancio notes. Still lots of life and lively. Super racy and fresh.”

This week’s LIVE opportunities

Sneak peek – the 3rd, 4th, and 5th most traded wines of 2020

Volume Whisky offers (many below auction prices)

Black Friday bargains (cheapest 100-point wines)