Talking Trade – A strong start to the final quarter

The USA is off to a strong start in the final quarter of the year, which looks set to be the best-ever for fine wine prices and market opportunities. 

  • Haut Brion 1998 traded at all-time high and led weekly trade by value. 
  • The USA saw the biggest increase in share week-on-week. 
  • The first Liv-ex quarterly review was published yesterday. 

The fine wine market is more robust than ever. Firstly, the leading fine wine indices are at or back to record peaks; second, the market is broader and deeper than ever before, presenting more buying and selling opportunities. 

Our first Quarterly Review, published yesterday, analysed its performance in the context of ongoing macro-trends and looked at the market leading regions and labels over the last three months.  

Will the market’s bullish mode be sustained in the final quarter to wrap up a potentially record-setting year for fine wine?  

October started off strong, with increased activity for New World wines and Champagne. Below is this week’s summary. 

Regional trends

It was another strong week of trade for the USA, which accounted for over 14% of the market, a touch below Italy (15%) and Burgundy (17%). 

Despite a slight increase on last week, Bordeaux’s weekly share remained below its September average. Activity centred around the 2018 and 2015 vintages. Year-to-date, the region has accounted for 40% of the market by value. 

The ‘others’ category made small gains, led by Australia (2.4%).  

Most traded wines

The most active wine by value this past week, Haut Brion 1998, last traded at an all-time high (£5,600 per 12×75)5.8% above its current Market Price. 

*Made using the Liv-ex charting tool.


It was followed by Realm Cellars Moonracer 2019, awarded 97+ points by The Wine Advocate’s Lisa Perrotti-Brown MW.  

Two wines from Champagne – Bollinger La Grande Annee 2012 and Louis Roederer Cristal 2013 – were also in sharp focus.  

The Champagne 50 is the second-best performing Liv-ex 1000 sub-index so far in 2021, and this month’s Market Report (exclusive to Liv-ex members) will cover the biggest risers from the region in September. 


Members of Liv-ex can explore the new charting tool here. 

Non-members of Liv-ex can learn more and request a demo here.