Recent trading activity
Non-vintage Champagne enjoyed increased demand mid-week. Different labels including Krug Grande Cuvee 169eme Edition and Pierre Peters Cuvee de Reserve Blanc de Blancs Grand Cru changed hands on Liv-ex.
The most active Bordeaux wine by value was Château Haut-Brion 2016, which last traded at £5,600 per 12×75. From Burgundy, Domaine Georges Roumier Bonnes Mares Grand Cru 2011 and Domaine des Lambrays Clos des Lambrays Grand Cru 2020 found the bid.
Antonio Galloni reviews 2019 Barolo
In his latest report for Vinous, Antonio Galloni reviewed the ‘stellar’ 2019 Barolo vintage. He suggested that 2019 ‘could very well represent the beginning of a new cycle of strong, outstanding years for this historic appellation’.
Last year, the most traded Barolo vintages in the secondary market were 2017, 2016 and 2018.
According to Galloni, the 2019s ‘show elements of youthful austerity that, at times, recall vintages such as 2016, 2005 and 1999’.
Despite the elevated temperatures in the summer, ‘the wines have an undeniable classicism and an overall feel that don’t align with the usual preconceptions about hot vintages’. Moreover, the vintage ‘is marked by lower alcohols than what has become the norm’.
Galloni argued that 2019 Barolo might be bringing about ‘a paradigm shift that will have far-reaching consequences for the future’.
The top-scoring wines in his report can be seen in the table above. One 2019 achieved the perfect 100-point score, Barolo Ravera, which he described as ‘the most intensely mineral and saline of the Barolos’.
Galloni further observed that ‘Piedmont remains a fertile hunting ground for savvy consumers who love age-worthy, nuanced reds’.
He added: ‘I am no longer surprised by it, but suffice it to say, the number of Burgundy growers I run into every year in Piedmont keeps growing!’
Secondary market demand for Barolo has also broadened. The number of wine labels (LWIN7s) reached a new high in 2022, having risen 198.6% from five years ago.
There are currently over 1,160 LIVE Barolo opportunities on your exchange.
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.
