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Weekend demand for Châteauneuf-du-Pape

By August 23, 2022Bronze, Market Update, Rhone

Recent trading activity

After Burgundy took its highest-ever share of trade in one week, activity remained strong over the weekend.

Burgundy accounted for 38.4% of trade over 20th-22nd August, led by wines from Domaine Leroy such as the Richebourg 2011 and Nuits-Saint-Georges Premier Cru Aux Vignerodes 2015.

Bordeaux trade included demand for Le Petit Mouton 2017, Château Pichon Comtesse 2010, Château Lynch-Bages 2019 and Petrus 2009 – continuing the trend for ‘on’-vintage Bordeaux noted last week.

Châteauneuf-du-Pape leads weekend Rhône trade

Meanwhile, the Rhône took a 12.1% share of trade over the weekend period, which was higher than Champagne’s (5.0%).

Wines from Châteauneuf-du-Pape found the most bids, especially the Domaine Pegau Cuvée Reservée Rouge 2016 (and 2017) and Domaine de la Janasse Chaupin 2020 (the latter just released).

Other Châteauneuf-du-Pape labels selling through included: Domaine Pierre Usseglio & Fils 2007, Clos des Papes 2006 and Famille Perrin Château de Beaucastel 2012.

In total, the Southern Rhône appellation accounted for 46.5% of total Rhône trade at the start of the week.

So far this year the region represents 42.3% of total Rhône trade, followed by Côte Rôtie (29.9%) And Hermitage (16.8%).

In March this year, it was noted that prices of Northern Rhône wines were rising faster than those of their southern counterparts.

Châteauneuf-du-Pape has long offered collectors one of the most accessible entry points into fine wine – a point unlikely to have passed unnoticed amid rising prices for blue chip labels.

Opportunities to buy Châteauneuf-du-Pape

There are currently 552 LIVE offers for Châteauneuf-du-Pape on the exchange, almost half of the 1,100 listed for the Rhône as a whole.

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 600 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.