Italy’s regions have leap-frogged Burgundy to become the second most widely traded fine wines on Liv-ex so far this year.
Bordeaux still accounts for the lion’s share of trade every month although it has seen its piece of the fine wine pie shrink from over 95% to 73% over the last five years.
Burgundy was the next biggest category, particularly in value thanks to the big bucks labels such as Domaine de la Romanée-Conti and Henri Jayer are able to command.
A close third was Italy – with a heavy slant towards the Super Tuscans – but as Burgundy’s price continues to reach its upper limit, the more affordable and liquid Italian wines have gained ground and so far this year have accounted for 7% of all activity to Burgundy’s 6.7%.
Read on: The Drinks Business