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Bordeaux 2020 offers relative value

Recent trading activity

Bordeaux led mid-week trade – two of the most active wines were Château Figeac 2018 and Cos d’Estornel 2016. The latter last changed hands at £1,860 per 12×75, an increase of 32.9% on its release price. The wine boasts 100-points from Neal Martin (Vinous).

Tuscany also enjoyed increased demand, led by Sassicaia’s 2018 and 2014 vintages – both of which offer fair value. The 2020 vintage of the Super Tuscan was released internationally on Wednesday at £2,400 per case.

Bordeaux 2020 offers relative value

Bordeaux 2020 is back in the spotlight, with Jane Anson expected to publish her in-bottle tasting report over the coming days. (Her scores and tasting notes can be brought directly into your system via Liv-ex’s Critic APIs.)

The vintage has so far enjoyed limited trading activity in the secondary market, accounting for just 1% of Bordeaux’s trade by value last year. This is likely to change when the wines become physically available.

The 2020 offers relative value, as the chart above shows. With a Benchmark Critic score of 94.3-points, it is the second-highest scoring vintage after 2019 (94.9).

Bordeaux’s 2019 vintage has also been in the spotlight this week following the annual Southwold tasting. Early reports affirm that the vintage is one of the greatest ever and as the chart above shows, it also offers relative value.

The 2020 is also positioned in line with the 2016, which has the same average price per case (£2,295) and a score of 94.2 points.

Some of the best value Bordeaux 2020s include Château Ausone, Château Cheval Blanc, Château Figeac, Château Langoa Barton and Château Rauzan Segla. Liv-ex members can explore more on the Fair Value tool.

Earlier this year, we also looked at Bordeaux’s 2020 best price performers, which included Carruades de Lafite and Château Canon.

There are currently over 180 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.      

Independent data, direct from the market.