Recent trading activity
Bordeaux dominated weekend trade by value, driven by its ‘on’ vintages 2005, 2019 and 2009. Pétrus 2005 and Château Nénin 2019 were the most active wines from the region.
From Burgundy, Domaine de la Romanée-Conti Romanée-Conti 2019 attracted demand. The wine boasts 100-points from Neal Martin (Vinous) and William Kelley (The Wine Advocate).
Trade for Californian wines also picked up, led by Harlan Estate 2018. The wine last traded at £13,452 per 12×75.
Bordeaux 2020 best performers
With some critics due to release in-bottle tasting reports for Bordeaux 2020 in the coming weeks, today we look at the vintage’s price performance since release.
Following the success of the 2019 En Primeur campaign, which was released during the Covid-19 pandemic, there were big expectations for the 2020 releases.
But price increases of 20% or more for wines that were not rated as highly as the less expensive 2019s did little to encourage trade. Continued stock restrictions also hindered trading opportunities.
Since then, prices have seen little improvement. Of the 50 estates included in the Bordeaux 500 index (plus Figeac and Canon), 29 have fallen in price since release, while just 15 have risen. The rest have run flat.
Top 2020 price performers
Those lucky enough to secure allocations of Pétrus, Lafleur and Le Pin will have seen substantial price rises since release of 166.7%, 127.8% and 52.3% respectively.
Lafite Rothschild’s second wine, Carruades Lafite, has also risen 37.9% – more than Lafite itself, which was up 16.5%. Carruades Lafite last traded at £2,940 per 12×75.
Right Bank estate Canon has also performed well (27.6%). The wine was given a barrel range of 98-100 points by Lisa Perrotti Brown MW (Wine Advocate), Jane Anson and Jeff Leve at the time, and might be one to watch in upcoming bottle scoring.
There are currently over 118 LIVE Bordeaux 2020 opportunities on your exchange.
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.