Talking Trade – DRC 2016 most active

  • DRC 2016 active

Trade by both value and volume held steady this week. The Liv-ex 50 – the First Growth index – drifted lower over the week as Sterling continued to strengthen into yesterday’s UK election. Burgundy’s share by value reached 26.2% just shy of record levels (29.7%), set in April this year. Bordeaux share fell again from 49.2% to 43.5%.

Italy (12.1%), USA (3.3%) and the Others category (6.0%) continue to add to their increasing annual regional share of trade value.

The most active wines this week were from Burgundy and Bordeaux, with the Super Tuscan, Solaia also making its presence felt. DRC, Romanee Conti 2016 (NM 98) and DRC, Richebourg 2016 (NM 95) both saw active trade while DRC Tache 2016 is currently in play with a tight 3.3% spread between buyer and seller. Other Burgundy wines to feature this week included the Grands Crus of Meo Camuzet, Rousseau, Leroy, Leflaive and Vogue.

Solaia 2008 took the second spot by both value and volume, with a last trade price of £1,620 per 12×75. Two other Super Tuscans, Ornellaia, 2009 and Masseto, 2010, fell just outside the top 5 trade share by value.

Neal Martin recently tasted Haut Brion 1989, calling it “one of the outstanding achievements of the decade” awarding it 100-points, saying, “it consistently flirts with perfection.” It traded at £19,500 per 12×75, down slightly on its previous level of £19,800.

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