Italy, France and California: the most traded wines in 2020

By July 22, 2020Fine Wine Market, Regions

In the second of a series of short blogs that examine the fine wine trends of the first half of 2020, we take a look at the most traded wines on Liv-ex’s global marketplace by value and volume. Yesterday we discussed what merchants have been searching for this year.

Buyers’ interests have continued to expand – impacting regional market share and contributing to the general broadening of the wine market.

Giacomo Conterno, Barolo Riserva Monfortino 2013 takes the top spot of the most traded wines by value in the first half of the year. The wine has accounted for 10.3% of all Italian trade so far, with Italy’s share currently at 14.6% of the total. The 2013 (released late last year), received 99 points from Antonio Galloni (Vinous). The 2014 (AG 100) was just released onto the market earlier this month. It is currently bid at £8,400 (€760/bt).

The Super Tuscans Sassicaia 2017 and Tignenello 2016 also feature in the top ten. Liv-ex’s James Miles recently discussed the appeal of Italian wines on the secondary market in a podcast titled “The Italian Job”, which you can listen to here.

Two Champagnes have also been firmly in buyers’ sights, as evident in the table above. Dom Perignon 2008 and Cristal 2012 have accounted for 20.6% of Champagne’s market share thus far.

From Napa Valley, Harlan Estate 2016 makes up the rankings, in part helped by its high value.

Five of the most traded wines by value were also very active by volume, with Leoville Poyferre 2012 topping the list.

A rosé (Tempier 2019) and a non-vintage Champagne (Ruinart, Blanc de Blancs) have also seen good activity on the market.