Recent trading activity
Mid-week trade centred around Bordeaux (36.5%), Burgundy (29.1%) and the USA (12.1%). The most active wine, Cos d’Estournel 2009, saw multiple trades at two-year highs. The 2009 vintage was the most traded from Bordeaux overall.
From the USA, Screaming Eagle Cabernet Sauvignon 2018 enjoyed continued demand.
Trade also picked up for the Rhône (7.7%), led by Domaine du Pegau Cuvée Da Capo 2016. The region, which has been a firm favourite of US buyers, provides one of the lowest-cost entries into the fine wine market, with an average case price of £1,609.
‘On’ vintage Lynch-Bages seeing gains
As examined in recent articles, there has been heightened demand for ‘on’ vintages of classed growth Bordeaux over the past months, such as 2009, 2010, 2016 and 2019.
More recently, the Fifth Growth Château Lynch-Bages, which ranked in the 4th tier of the 2021 Liv-ex Classification, has been popular. The estate even led total trade by volume in the past week.
On average, Lynch-Bages prices have risen 19.5% over the last year, compared to 17.6% move for its parent index, the Left Bank 200, and 18.7% for the Bordeaux 500 index.
The most expensive of the last 15 vintages, its 2010 (£1,500 per 12×75) and 2009 (£1,576 per 12×75), have also been the most traded.
Still, they remain below the average trade price of a case of Bordeaux on Liv-ex, which is £3,454 – more than double.
There is even greater value to be had in Lynch-Bages’ more recent but still highly rated vintages like the 2019 (100-points, Jeb Dunnuck) and 2020, which are available for around £1k per case.
Opportunities to buy ‘on’ vintage Bordeaux
There are currently over 2,300 LIVE opportunities for Bordeaux ‘on’ vintages on the exchange ranging from £250 to £55,000 per case.
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.