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The 2020 vintage leads Burgundy trade as the 2021 campaign unfolds

Each Friday, we analyse activity on the fine wine market in our weekly ‘Talking Trade’ post. Highlights this week included:   

  • Bordeaux, Burgundy and the USA increased their trade share this week.  
  • Louis Latour Romanee-Saint-Vivant Grand Cru Les Quatre Journaux 2020 led weekly trade by value.
  • Weekly insights included the publication of our January Market report, Antonio Galloni’s top-scoring Barolo 2019s and analysis of Bordeaux’s 2020 best price performers.

Regional trade this week

The USA maintained its momentum from last week, and its trade share by value rose once again to 9.3%. It became the third most traded region this week, surpassing Champagne, which declined from 12.2% to 8.4%.

Bordeaux increased its share from 35.7% to 38.5%, driven by its 2005 and 2019 vintages. The First Growths accounted for 30.4% of the total trade within the region.

Burgundy also picked up, taking 34.6% of the market by value. Its most active vintages were 2020 and 2019. The 2021 En Primeur campaign has started to unfold but the extremely limited volumes and tight allocations of new releases seem to be driving buyers to already physical vintages in the secondary market.    

This week’s top traded

Grand Cru Burgundy from Louis Latour led weekly trade by value – Romanée-Saint-Vivant Les Quatre Journaux 2020, which last changed hands at £4,844 per 12×75.

Domaine de la Romanée-Conti Romanée-Conti Grand Cru 2019 also featured among the most active wines by value. It boasts 100-points from Neal Martin (Vinous) and William Kelley (The Wine Advocate).

Another 100-point wine from California elevated USA’s trade share. Harlan Estate 2018, which received the perfect score from both Lisa Perrotti-Brown MW (The Wine Independent) and James Suckling, last traded at £14,400 per case.

Weekly insights recap

This week saw the release of our January Market Report, which explored the fine wine market outlook for the new year, the best-performing wines in December, and the current level of demand for Champagne.

Liv-ex members received additional analysis on the top traded red and white Burgundies, Bordeaux 2020 best performers, and Antonio Galloni’s top-scoring Barolo 2019s.

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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.