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Bordeaux dominates regional trade with 3 back vintages among most active wines 

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 and Burgundy’s trade shares rose, while all other regions saw declines. 
  • Three Bordeaux back vintages featured among the most active. 
  • Liv-ex published market updates on trading opportunities in Krug 2008 and Burgundy. 

Regional trade in the past week 

With no further En Primeur releases this week, Bordeaux continued to lead trade, accounting for nearly half (49.4%) of regional trade by value this week, up from 40.5% last week. Three of the top-traded wines hailed from Bordeaux. See more below. 

Burgundy experienced a resurgence this week, accounting for 24.4% of trade compared to 14.5% last week, with Domaine des Lambrays, Clos des Lambrays Grand Cru 2020 featuring in the most active wines this week. Other active Burgundy wines included Domaine de la Romanée-Conti Grand Cru’s 2015 and 2019 vintages.  

Despite having Salon Le Mesnil-sur-Oger Grand Cru 2013, which was released in May, feature in the top-traded wines this week, Champagne’s trade share fell to 9.1% compared to 16.7% last week. 

All other regions experienced a decline in their regional trade shares. Tuscany’s trade share further dropped to 3.4% from 6.9% last week. The Rhône also saw its share fall to 1.2% from 3.3% last week. 

Piedmont, the USA, and the ‘Others’ category also saw decreases in their trade shares after a relatively stronger performance in the previous week.   

This week’s top-traded wines 

Bordeaux took the lead among the most active wines this week, with three wines ranking at the top. Champagne and Burgundy were also represented.  

Château Margaux 2005 led trade by value this week. It received 99 points from Neal Martin and last traded at £6,820 per case, up 51.5% on its release price of £4,500 per case. By contrast, the lower-scored 2022 Margaux was released at £6,192 per case and has already traded below its release price on the secondary market. 

Château Margaux 2005 trades on Liv-ex 

Fellow Bordeaux wines Château Latour 2009 and Château Palmer 2019 were also among the most active wines this week. Palmer 2019 was scored 99 points by Neal Martin and last traded at £2,250, below its Market Price of £2,530, but up 12.6% on it on its release price (£1,998 per case). The 2022 release of Château Palmer was scored 96-98 points by the critic and was released at £3,578 per case. 

As mentioned earlier, Salon Le Mesnil-sur-Oger Grand Cru 2013 also featured in the top-traded wines this week. The wine was only released last month and has seen very little activity on the secondary market so far. Last year, when Salon released its 2012 vintage, there had only been 5 releases since 2000. Antonio Galloni (Vinous), scored the 2013 vintage 99 points and said the wine is ‘the most powerful, dense young Salon I have ever tasted’. 

Weekly insights recap 

This week, two market updates were published for Liv-ex members. The first one highlighted opportunities in Krug 2008, and the second explored the trading opportunities as the Burgundy 150 index declines. 

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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.