Super Tuscans hit the buffers

The Liv-ex Italy 100 has been the worst performing index of the year so far, losing 0.85% as the wider fine wine market continues to post gains.

Paradoxically, Italy’s monthly share of trade on the platform has risen from 6.4% in 2017 to 7.9%.

But it is a slowdown among Super Tuscan trade that is causing most of the problems, as they account for half of the 10 wine labels in the Italy 100.

As Liv-ex noted, Sassicaia and Tignanello have made gains of 2.8% and 1.1% this year but Ornellaia, Masseto and Solaia have declined 2.7%, 3.5% and 6.4% respectively and losses for some individual vintages have been “stark”.

For example, the 2005 vintage from Masseto and Solaia, despite low market liquidity, have both fallen over 20% in price since the beginning of the year.

Meanwhile, the price performance of several top Barolos hasn’t quite caught up to level the Super Tuscans were at hence the overall dip for the Italian wine sector in the secondary market.

On the other hand, as Liv-ex continued, prior to this the performance of the Super Tuscans was such there was a school of thought they would breakaway entirely from other Italian fine wines.

Yet the recent cooling around Super Tuscan prices has at least delayed this possibility and the slow but steady performance from the various Barolo producers has brought the wines of the index broadly back in line with each other.

The Barolos from Giacomo Conterno, for example, have risen 1.8% so far this year, putting the label behind only Sassicaia in terms of price performance.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

We encourage debate in the comments section and always welcome feedback, but if you spot something you don't think is right, we ask that you leave an accurate email address so we can get back to you if we need to.

Subscribe to our newsletters

Supply Chain Assistant

Speciality Drinks
London NW10 7SF, UK

On-Trade Regional Sales Manager

Anthony Byrne Fine Wines
West Midlands & Northants

Supply Chain Co-ordinator

Speciality Drinks
London NW10 7SF, UK

Logistics Team Leader

Speciality Drinks
London, UK

Key Account Executive

Berkmann Wine Cellars
London, UK

Assistant Operations Manager

Speciality Drinks
London, UK

Technical Manager

North South Wines
West Drayton, UK

Key Account Manager

MMI Maldives


Eurowines Limited
Harrogate, UK

Business Manager - Impulse

Australian Vintage
Croydon, UK

Exclusive Masterclass: Chablis on Tour

London,United Kingdom
29th Apr 2019

Vinexpo Bordeaux

13th May 2019

London Wine Fair 2019

London,United Kingdom
20th May 2019
Click to view more

The Global Organic Masters 2019

Deadline : 19th April 2019

The Global Grenache Masters 2019

Deadline : 26th April 2019

Click to view more

The Global Riesling Masters 2018

View Results

Rioja Masters 2018

View Results

Click to view more