Recent trading activity
Trade at the beginning of this week focused on Bordeaux and Burgundy, which took almost equal parts of the market. Cheval Blanc 2019, which boasts 100-points from Lisa Perrotti-Brown MW (The Wine Independent), William Kelley (Wine Advocate), Antonio Galloni (Vinous) and James Suckling, was the most active wine from Bordeaux. It last traded at £5,900 per 12×75, up 31.1% on its release price.
From Champagne, which was the third most active region, Dom Pérignon x Lady Gaga Rosé 2008 and Dom Pérignon 2004 led demand.
Trade for German wine was higher than for the USA, with Joh. Jos. Prüm Wehlener Sonnenuhr Riesling Spätlese 2016 and 2017, and Forstmeister Geltz Zilliken Saarburger Rausch Riesling Auslese 2009 leading demand.
The Wine Independent reviews recent Tuscan vintages
Recent critical reviews of Tuscany, as well as the en primeur launch of 2018 Brunello di Montalcino earlier this month, have stimulated secondary market demand for the region’s wines. In terms of trade, November has been the second-best month for Tuscany so far this year (after April).
In a report for The Wine Independent, Susan Hulme MW reviewed some of the latest Tuscan releases from the 2014 to 2019 vintages. She commented that the 2019 was ‘a dream vintage’, and added that some of the best wines showed ‘great progress on the part of the producers as well as reflecting the qualities of the vintage’.
2014 to 2019 was a tricky run of vintages in Tuscany. Hulme said that they had been shaped by ‘erratic weather conditions […] alternating between cool and wet in 2014, very hot in 2015, an oasis of perfect conditions in 2016, then hot and dry in 2017, then cool, wet and hot in 2018’ and ‘a return to some normality’ in 2019.
Hulme’s top-score of 98-points went to a wine from the 2019 vintage, Isole e Olena Collezione Privata Syrah, which she described as ‘very classy’ and ‘a super-bright version of a Côte-Rôtie Syrah that has gone on holiday in sunny Tuscany’.
Her list also included Fattoria Le Pupille Saffredi 2019 (97-points), which also ranked 8th in this year’s Wine Spectator’s Top 100. The wine has developed an active secondary market, particularly for large formats. It has also become the fifth most traded Tuscan wine this month.
So far this year, Tuscany’s secondary market has been led by the 2018, 2019 and 2016 vintages. On a sub-regional level, wines from Toscana IGT (38.4%), Bolgheri (26.9%) and Brunello di Montalcino (23.6%) have dominated trade.
There are currently over 1,760 LIVE Tuscan opportunities on your exchange.
Tuscan opportunities
Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 600 merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £80m of bids and offers across 16,000 wines.
