Recent trading activity
Since last Friday, Bordeaux has been leading trade, accounting for 35.4% of total trade by value. Many older vintages from the First Growths featured among the most active wines over the weekend, including Chateau Lafite Rothschild 1996 and Petrus 1999.
The most bid-for fine wines so far this year
The table below shows the wines that have attracted the most bids on Liv-ex so far this year. At the time of writing all of them also had a live offer against them.
The most bid-for wine so far in 2023 is Louis Roederer Cristal 2008 – despite demand, its Market Price has fallen slightly since the start of the year, from £3,400 per case in January to £3,100 in April. Louis Roederer Cristal 2014 is currently leading trade by value this year and ranked 18th on the list of most bid-for wines.
Tenuta San Guido, Bolgheri Sassicaia 2010 was the second most bid-for wine and the only Italian on the list. Italy has had a positive start to 2023, accounting for 10.3% of trade by value. While all sub-indices of the Liv-ex 1000 are down year-to-date, the Italy 100 is among those that have fallen the least (only 0.6%, just behind the Bordeaux 500 which is down 0.3% in the same period).
Interestingly, the remainder of the list is made up of Bordeaux wines. This is a contrast to our analysis last year, where Italy and Champagne accounted for several places.
As the table above shows, all bar two of the most bid-for wines are from Bordeaux, particularly from great vintages such as 2010 and 2016. For example, Chateau Pontet-Canet 2010, Chateau Pichon Longueville Comtesse de Lalande 2010 and 2016, along with Château Pichon Baron 2016 all feature on the list.
The prevalence of wines over ten years old (Chateau Pontet-Canet 2008 and 2012, Chateau Mouton Rothschild 2006) could also be a sign that buyers are looking for value in older vintages ahead of the En Primeur campaign.
You can view them all by clicking on All Markets on Liv-ex. All bids and offers can be filtered by region, vintage, format, and more.
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 620 merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 16,000 wines.