Every Friday, we look at activity in the fine wine market in our ‘Talking Trade’ post. Highlights from the past week include:
- Burgundy increased its trade share by value to 31.6% week-on-week, while Bordeaux, the Rhone, Tuscany, Piedmont and the USA’s shares fell in the same period.
- 1986 and 2000 vintages of Chateau Mouton Rothschild were among the top-traded wines this week.
- Liv-ex published its Bordeaux 2022 En Primeur report, as well as updates on the wines driving the Left Bank 200 and James Suckling’s top-scoring Bordeaux 2022 wines.
Regional trade in the past week
While Bordeaux accounted for the highest percentage of trade by value this week, accounting for 40.6% of total trade, its trade share actually decreased by 11.6% week-on-week. Burgundy, on the other hand, increased its trade share by 31.1%, and accounted for 31.6% of total trade by value this week, considerably higher than its March share of 22.8%.
The Rhone, Tuscany, Piedmont, and the USA all saw their trade share fall week-on-week. Champagne was a notable exception, accounting for 9.1% of total trade by value this week, up from 7.8% the previous week. Among the most-traded wines from the region were the 2008 vintages of Taittinger Comtes de Champagne Blanc de Blancs, Dom Perignon x Lady Gaga Rose, Bollinger R.D and Dom Perignon Rose.
This week’s top-traded wines
Chateau Mouton Rothschild Premier Cru Classe 1986 led trade this week. It last traded at £8,000 per 12×75, well below its Market Price of £8,485 per case. The 2000 vintage of Chateau Mouton was also among the top five wines traded by value last week. Its last trade price of £19,000 per case was also considerably lower than its Market Price of £20,799 per 12×75.
This activity is a good example of where buyers might find value in back vintages of certain Bordeaux wines ahead of En Primeur. Chateau Mouton Rothschild 2000’s Market Price, for example, has been rising steadily over time, as shown in the chart below.
Chateau Mouton Rothschild, Premier Cru Classe 2000 trades on Liv-ex
Weekly insights recap
This week, Liv-ex published its Bordeaux 2022 En Primeur opening report; it is available for members on Bronze packages and above.
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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 630+ 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.