- Burgundy’s weekly trade share rose to over 30%.
- Petrus 1989 led this week’s most traded wines by value.
- Weekly insights included the price positioning of Latour 2014, the growing Austrian market and mist expensive wines in movies.
Regional trade this week
Burgundy bounced back this week, taking almost a third of trade by value, having dropped below 20% last week. Champagne was the only other region enjoying an uptick in activity. Its trade share rose from 9.3% to 10.2%, thanks to activity around Louis Roederer Cristal, Dom Pérignon and Billecart Salmon Rosé Brut.
Meanwhile, Bordeaux’s share slipped to 31.6%. Its most active vintages were the 2019 and 2018. Petrus and the First Growths Château Lafite Rothschild and Château Haut-Brion were the region’s most traded names.
Australia (1.2%), Spain (0.7%) and the United Kingdom (0.5%) led trade among ‘ .
This week’s most traded
High-value Bordeaux and Burgundy changed hands this week, with Lafite Rothschild 2000 and Domaine de la Romanée-Conti Romanée-Conti 2018 all finding a spot in this week’s top five most traded wines.
The performance of Lafite 2000, seen in the chart below, illustrates the market such as its decline following the Bordeaux bubble in 2011 and its rise after the 2016 Brexit referendum. The wine has risen 655.3% since release, and last traded 0.8% below its current Market Price (£13,973 per 12×75).
Lafite Rothschild 2000 trades on Liv-ex
The recent offering by Louis Roederer, Cristal 2014, also met with increased demand, having last traded 1.7% below its release price.
Weekly recap
On Tuesday, Château Latour released its 2022 portfolio of wines including the 2014 Grand Vin, 2016 Forts de Latour and 2017 Pauillac de Latour. Liv-ex members can read our pricing analysis here.
On Wednesday, we examined how Austrian wine is benefitting from the broadening of the market, while on Thursday, we investigated some of the most expensive wines to appear in films.
Liv-ex members also received updates on the performance of the Northern and Southern Rhône, Promontory 2016, and the Sauternes 50 index.
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 £100m of bids and offers across 16,000 wines. Independent data, direct from the market.
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