What’s happening in the market?
Champagne was in high demand over the weekend, claiming 13.1% of trade by value, up from 5.8% the weekend before. Notable brands changing hands included Taittinger, Comtes de Champagne Blanc de Blancs 2013, Charles Heidsieck, Blanc des Millenaires Brut 2007 and Salon, Le Mesnil Grand Cru 2002.
Despite Champagne’s success, Bordeaux led trade over the weekend, taking 29.7% of trade (down from 36.9% the previous week). This was largely driven by Le Pin, Pomerol, 2010. Other wines trading from the region include Château Angelus 2017 and Château Lafite Rothschild 2003.
Italy took 20.1% of market share since Friday, up from 15.9% last weekend. Ca’ Nova, Barbaresco 2021 and Ca’ Nova, Barbaresco, Montestefano 2021 were the top traded wine by volume over the weekend. Other wines from the region finding buyers included, Ornellaia, Bolgheri 2020 and Valdicava, Brunello di Montalcino 2013.
Today’s deep-dive: Tignanello 2011 pricing analysis
Yesterday, Super Tuscan Tignanello 2021 was released in the UK for £1,300 per 12×75, up on the 2020 release (£1,230 per 12×75).
Amidst a stable Tuscan market, and on the back of the recent 2021 releases from Sassicaia and Ornellaia, the new release from Tignanello could offer value to buyers – despite the price coming in above many of the other vintages available on the market.
Critics’ scores
At the time of writing, Antonio Galloni (Vinous) is the only critic to have scored the wine. He awarded it 98 points, making it his joint highest scored vintage and said it is ‘every bit as impressive from bottle as it was from barrel’. He further adds ‘the 2021 has all the pedigree to become a modern benchmark for Tignanello and Italian wine more broadly’.
Fair Value analysis
Today’s release is coming to the market below the equally high-scoring 2015 and 2016 vintages.
The 2018 may also present an attractive options to buyers. Although Galloni awarded the wine a lower score, it is available at an 8.5% discount to yesterday’s release.
As shown below, the 2016 has also seen a 92% price increase over the last five years. The 2014 and 2013 have also seen good returns over the last five years increasing by 94.4% and 97.2% respectively.
There are currently over 189 LIVE Tignanello opportunities on your exchange.
In case you missed it
Here’s what we’ve been reading:
- The Economist – Is the bull market about to turn into a bubble?
- Liv-ex – Krug 2011 pricing analysis
- Decanter – Can the wine industry adapt to the ‘lifestyle generations’?
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 620+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 20,000 wines.
