Secondary market trade for the Rhône increased this week as the region’s 2020 En Primeur campaign started to unfold.
- Secondary market trade for the Rhône increased this week, making it the third most traded region by value.
- Domaine de la Romanée-Conti, Romanée-Conti 2006 is this week’s most traded wine by value, followed by Petrus 2000.
- The 2020 Bordeaux vintage also saw some secondary market action.
Regional trade this week
The 2020 En Primeur campaign for the Rhône began this week, with the official UK release of the 2020 Clos des Papes at £720 per 12×75 on Thursday.
Demand for the region’s wines already appears to be rising, as the Rhône took the third-largest share of trade this week (8.2%) – more than all other regions apart from Bordeaux and Burgundy.
Burgundy also enjoyed another strong week of market activity, after making gains in the beginning of November.
The ‘others’ also sticked to 4.5% of the total market. Japanese and Scottish whisky accounted for 0.8% of its share.
Once again, the higher-value wines from Piedmont elevated the region’s share above Tuscany’s, although both Italian regions dipped slightly compared to last week. Champagne’s trade share also fell from 8.7% to 5.3%.
Most traded wines this week
The most active wines this week came from Bordeaux and Burgundy. Domaine de la Romanée-Conti, Romanée-Conti 2006 led trade by value, after the 2010 vintage from the domaine took the top spot last week.
The latest offering from Château Angelus – the 2020 vintage – also featured in the top five, having last traded 3.9% below release. Château Trotanoy, Pomerol 2020 also changed hands this week but at an 18.5% premium on its release price.
Petrus 2000 trades on Liv-ex
A recap of the week
Following ‘ten years on’ critic tastings, the spotlight was back on the 2011 vintage from Bordeaux this week. In a series of blog posts, we examined the price performance of the First Growths and the wines from the Left and the Right Bank since release.
The new Indices Explorer tool was also launched this week. It allows Liv-ex members to dig into the data behind our indices and find out which wines are driving market trends.
Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 530+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £80m of bids and offers across 16,000 wines. Independent data, direct from the market.
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