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Louis Roederer Cristal 2014 leads weekly trade by value

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

  • Burgundy, Champagne, and the USA increased their trade shares.
  • Louis Roederer Cristal 2014 led weekly trade by value.
  • Weekly insights included the global wine trade predictions for 2023, the most popular ‘rabbit’ wines in Asia, and E. Guigal Côte Rôtie 2019 releases.

Regional trade this week

After small declines last week, Burgundy and the USA improved their trade shares, rising to 20.4% and 7.9% respectively. Both regions had a strong start to the year, with monthly shares above their 2022 averages.

Demand for Champagne also increased, with its share up from 14.3% to 17.6%. This was predominantly driven by its 2014 and 2013 vintages. This week’s most traded wine by value also came from the region – Louis Roederer Cristal 2014.

Meanwhile, Bordeaux’s trade share declined from 47.8% to 43.3%. Its most active vintages were the 2014 and 2018. Italy, the Rhône and the ‘others’ also dipped. The latter was dominated by activity for Australia (0.7%), Spain (0.6%) and Germany (0.6%).

This week’s top traded

This week’s most active wines came from Champagne, Bordeaux, and California. Opus One 2019 last traded at a new record high of £3,184 per 12×75, up 5.3% on its release price. Earlier this week, we highlighted the best value opportunities from the brand.

Opus One 2019 trades on Liv-ex

Another Californian label from the 2019 vintage also made it into the top five. Screaming Eagle Cabernet Sauvignon last changed hands at £33,100 per 12×75. The wine boasts 100-points from Antonio Galloni (Vinous) who called it ‘a wine of mind-blowing elegance and finesse’ and ‘the most talked about wine in Napa Valley’.

Weekly insights recap

This week we published a case study of how Singapore Wine Vault are using Liv-ex services to save time and increase operational efficiency. We also released the global wine trade predictions for 2023, including their views on future market challenges and changing customer buying patterns.

In light of Chinese New Year, we looked at the most popular ‘rabbit’ wines in Asia. Yesterday we covered the E. Guigal 2019 ‘LaLas’ releases.

Liv-ex members received additional analysis on the top-scoring Bordeaux 2011 wines and opportunities to sell wine above Market Price.

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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.