Each Friday, we take a look at activity on the fine wine market in our weekly ‘Talking Trade’ post. Highlights this week included:
- Burgundy, Champagne, the USA and the ‘Others’ category all increased their weekly trade shares.
- Opus One 2015 was this week’s top traded wine, as three wines from the estate traded at all-time highs this week.
- Weekly insights included pricing analysis on Pol Roger Sir Winston Churchill 2015 and Chateau d’Yquem 2020.
Regional trade this week
With 15.8% of trade by value, the USA was in the spotlight this week. Several high-value wines from California drove the category, with Opus One 2015 and 2019 both featuring among this week’s top traded wines.
Burgundy and Champagne also improved on the previous week, with trade shares of 26.9% and 10.4% respectively. However, Champagne trade remains below its February average of 14.2%.
The ‘Others’ category was also up with 5% of total trade value. Demand was largely driven by wines from Switzerland, Spain, Australia and Germany.
This week’s top traded
Champagne’s Louis Roederer Cristal 2005 and Pomerol’s Château Lafleur 2017 were both among the top traded wines this week.
However, it was Napa Valley’s Opus One that took the spotlight this week. The wine’s 2015 vintage claimed the top spot as the most active wine this week. It’s last trade price of £3,750 per 12×75 represented a 38.9% increase on its release price (£2,700 per case).
The wine also traded at an all-time high this week of £3,800 per 12×75.
Opus One 2019 was also among the top five and last traded at £3,302 per 12×75 – another all-time high trade.
And although it was not among the top traded wines this week, Opus One 2010 was the third Opus vintage to trade at an all-time high this week. It last traded at £4,180 per 12×75, as shown in the chart below.
Opus One 2010 trades on Liv-ex
Weekly insights recap
This week, Liv-ex published pricing analysis on Pol Roger Sir Winston Churchill 2015 and Château d’Yquem 2020 ahead of their releases (for Liv-ex members only).
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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.
