- Bordeaux’s weekly trade share by value has remained under 30% since mid-December 2021.
- Pétrus 2014 was the most traded wine by value this week.
- Louis Roederer Cristal 2008 has enjoyed consistent level of demand in the new year.
Weekly regional trade share
Despite a small improvement on last week, Bordeaux’s share of trade remained below 30.0%. So far in 2022, Burgundy has overtaken it as the most traded region by value, taking 28.8% of the market against Bordeaux’s 25.7% – a theme explored in our annual Burgundy report, which will be published exclusively for Liv-ex members on Monday.
The third most traded region this week was the USA (13.5%). Champagne trade also picked up (10.6%), led by Louis Roederer’s Cristal, Dom Perignon and Jacques Selosse Millesime.
Meanwhile, Australia (2.5%) dominated trade for the ‘others’ category (4.9%). Yesterday we examined the country’s activity on the secondary market, which has slowed down as a result of Chinese tariffs. However, leading labels Penfolds Grange and Henschke’s Hill of Grace continue to trade actively.
This week’s most traded by value
Pétrus 2014 was the most active wine by value this week, having last traded 20.1% below its Market Price.
The second-most traded wine, Harlan Estate 2017, also traded 11.7% below its market value.
Louis Roederer Cristal 2008 has continued to enjoy increased demand in the new year, with magnums trading at a premium. So far in 2022, Cristal 2008 is the most traded Champagne by value, and the second-most traded by volume.
Louis Roederer Cristal 2008 trades on Liv-ex
This week, Liv-ex members received analysis on Bordeaux 2019’s price performance since release, which revealed a near equal split between the estates that have risen and fallen in value.
We also covered critical opinion and price performance of the 2017 Bordeaux vintage, which was the focus of the last Southwold tasting. Tom Parker MW pointed out that the vintage offers ‘a few bargains’ due to falling prices in the market. So far this year, it is the fifth most traded Bordeaux vintage by both value and volume on Liv-ex.
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 560+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £90m of bids and offers across 16,000 wines. Independent data, direct from the market.
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