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Opus One 2019 sets a new trading high

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

  • Burgundy, the Rhône, Tuscany, Piedmont and the USA increased their weekly trade shares.
  • Opus One 2019 led the market by value this week and set a new trading high.
  • Weekly insights included Neal Martin’s top-scoring Bordeaux 2020s, analysis on the wines behind the Champagne 50 index’s decline and rosé Champagne’s price performance.

Regional trade this week

The Rhône more than doubled its trade share this week, from 2.5% to 5.2%. Demand was driven by its 2016 vintage, which accounted for 25.3% of trade within the region. Châteauneuf-du-Pape made up half of the Rhône’s share.

Burgundy also saw a small improvement in market share but remained below its January average. Trade was led by its 2020 and 2018 vintages. Tuscany and Piedmont were on the move once again, with Sassicaia 2018 leading Italian trade. The USA’s trade share also increased from 7.5% to 9.7% and the most active wine this week came from the region.

Meanwhile, Bordeaux’s share dipped to 34.0%. Older ‘on’ vintages such as 2009 and 2005 led trade by value.

This week’s top traded

Opus One 2019 led weekly trade by value. The wine last changed hands at a new record high of £3,192 per 12×75, an increase of 5.6% on its release price.

The rest of the list was made up of Bordeaux. The second spot went to Château Lynch-Bages 2005, which last traded at £1,630 per case, representing a 226.0% increase on the wine’s release price. Several other vintages of the Fifth Growth also traded this week, including the 2011, 2009, 2017 and 2018.

Château Lynch-Bages 2005 trades on Liv-ex

Le Pin 2015 ranked fifth among this week’s most active, with a last trade price of £37,400 per case. The wine boasts 100-points from James Suckling and Lisa Perrotti-Brown MW (The Wine Independent).  

Weekly insights recap

This week we looked at Neal Martin’s top-scoring Bordeaux 2020 wines and the top price performers from Bordeaux’s 2019 vintage.

Liv-ex members received additional analysis on the wines behind the Champagne 50 index’s decline and rosé Champagne’s recent price performance.

We also released an extract from our report, The fine wine market in Asia-Pacific, which looked at the top traded wines and vintages across key Asian markets.

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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.