Recent trading activity
Mid-week trading activity centered around Bordeaux, which was driven by the First Growths. Château Mouton Rothschild 2013 set a new trading high at £4,760 per 12×75, representing an 98.3% increase on its release price.
Demand for Burgundy also increased, with its 2019 and 2020 vintages leading trade by volume. Bouchard Père & Fils La Romanée Grand Cru 2001 last traded at an all-time high of £11,600 per case.
Trade for Italian wine was split between Tuscany (57.9%), Piedmont (39.8%), Sicily (1.4%) and Puglia (0.9%).
The performance of Ornellaia
One of the most sought-after Italian wines in the secondary market, Ornellaia, has lagged behind the rest of the Super Tuscans in terms of price performance.
Since the beginning of 2015, the Ornellaia index, which tracks the price performance of the ten most recent vintages, has risen 75.6%. It has considerably underperformed the biggest riser, Tignanello, which is up 148.2%.
With an average Mid-Price of £1,841 per case, Ornellaia is the second most affordable Super Tuscan after Tignanello.
Buyers might also wish to consider the 2017 (AG 97) and 2019 (AG 97+), available below £1,800 per case. The latter also scored 100-points from Lisa Perrotti-Brown MW (The Wine Independent), who described it as ‘a beautiful, luxurious, and vivacious wine’.
In the last year, the most traded Ornellaia vintages have been 2019, 2018 and 2015.
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.