Every Friday, we take a look at activity on the fine wine market in our weekly ‘Talking Trade’ post. Highlights from the past week include:
- Bordeaux’s trade share rose slightly week-on-week, while Champagne and the USA also saw increases in trade.
- Three back vintages of Bordeaux were among the most active wines this week.
- Liv-ex has published analysis of opportunities to be found in Angélus, Léoville Barton and Duhart-Milon back vintages.
Regional trade in the past week
Bordeaux continued to lead weekly trade despite a lull in the En Primeur campaign. It accounted for 40.2% of total trade by value, up slightly on the previous week when it was 38.9%.
Champagne’s trade share increased from 5.1% to 6.2% with labels such as Jacques Selosse 2008, Dom Pérignon 2013 and Louis Roederer, Cristal Rosé 2012 trading. Antonio Galloni also released his 2023 Champagne Spring Review on the 23rd of May; the critic previously awarded Jacques Selosse 2008 100 points, and Cristal Rosé 2012 98+ points.
Burgundy and the USA’s trade shares also increased, with the regions accounting for 29.9% and 12.2% respectively. See more below.
Meanwhile, the Rhône, Tuscany, Piedmont and the ‘Others’ category all saw their trade shares fall this week. Tuscany fell from 10.5% to 4.8%, while the Rhône saw a decrease from 1.8% to 1.4%.
This week’s top-traded wines
As seen in the table above, three of the most active wines this week were back vintages of Bordeaux wines, including Château Lynch-Bages 2017, Petrus 2010and Château Haut-Brion 2000.
Screaming Eagle 2020 and Coche-Dury 2014 were the top two traded wines last week, increasing the overall trade share for the USA and Burgundy respectively.
Château Haut-Brion 2000 was scored 98 points by Neal Martin and last traded at £7,700, a 316% increase since its release (£1,850 per 12×75).
Château Haut-Brion 2000 trades on Liv-ex
En Primeur campaign recap
This week marked a lull in the campaign as many in the trade gathered at Vinexpo; nonetheless, several wines were released. Château Grand-Puy Ducasse was among them, released at £378 per 12×75, a 31.3% increase on 2021’s opening price (£288 a case).
Liv-ex also covered the release of Château Les Ormes de Pez, which is being offered by international trade for £256 per 12×75, a 12.3% increase on 2021’s opening price (£228 a case).
This week’s En Primeur releases are listed below:
- Château Les Ormes de Pez, €21.00 per bottle
- Château Laroze, €19.5 per bottle
- Château Dauzac, €36 per bottle
- Chateau Brown, €21.60 per bottle
- Château Brown Blanc, €22.20 per bottle
- Château de Ferrand, €23 per bottle
- Château Grand-Puy Ducasse, €29.5 per bottle
- Château Latour Martillac, €25 per bottle
- Château Latour Martillac Blanc, €28.75 per bottle
- Château Taillefer, €19.98 per bottle
- Château Potensac, €20 per bottle
- La Fugue de Nenin, €23 per bottle
Weekly insights recap
This week, Liv-ex published analysis which found value in back vintages of wines released En Primeur: members can read them to find opportunities in Angélus back vintages, as well as in Léoville Barton and Duhart-Milon.
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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.