Market Update: Monfortino Extends Its Lead, Selosse Gains Momentum
Market Update: Monfortino Extends Its Lead, Selosse Gains Momentum
November opened with continued enthusiasm in fine wine trading, highlighted by Giacomo Conterno’s Monfortino Riserva 2019 and Jacques Selosse 2008, two names that perfectly capture the blend of rarity and reputation driving today’s market.
Regional Highlights
Bordeaux remains the largest trading region, holding 29.8% of market share, with Lafite 2015 continuing to firm at around £4,800 per 12×75. Burgundy followed closely at 23.1%, with Prieuré Roch Nuits-Saint-Georges Vieilles Vignes 2023 emerging as the most active wine of the week.
Champagne claimed third place, at 12.6% of total trade by value. Jacques Selosse led decisively, contributing over 40% of the region’s traded value, particularly in the 2007 and 2008 vintages, where UK demand remains strong. The Selosse 2008, trading between £26,000 and £36,000 per 12×75, has re-established itself as a global collector favorite.
Italy and the Reign of Monfortino
Piedmont continues to demonstrate strength, maintaining 8% of total market share. For the third consecutive week, Monfortino Riserva 2019 was the most-traded wine by value—a rare combination of critical acclaim, scarcity, and heritage that cements its place among the world’s finest. Tuscany, too, held firm with 11.6%, driven by renewed enthusiasm for Tignanello.
US Icons Recover
The US share of trade climbed to 7.9%, driven by Screaming Eagle 2016, which returned to early 2021 price levels near £22,000 per 12×75. The steady rebound signals that the American icons have regained stability after a quiet summer.
Shifting Buyer Geography
An intriguing development came from Asia, where buyers drove two Brunello di Montalcino wines into the week’s top trades by volume—traditionally a region more popular in the US. This cross-regional buying pattern underlines the growing global reach of fine wine demand.
Market Confidence on the Rise
The week also saw the release of Liv-ex’s personalised member reports, offering deeper insights into trade performance and market trends. Updates on bid:offer ratios and the Champagne 50’s bid:offer spread indicate improved liquidity and narrower trading ranges—hallmarks of a stabilising, confident market.
Summary
November’s market activity confirms a key shift: collectors are buying again with conviction. Conterno’s Monfortino 2019 continues its winning streak, while Selosse’s prestige Champagnes are once again setting the pace for luxury drinking and investment. The tone is clear—selectivity remains high, but appetite has returned.