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Opportunities in Krug 2008

Recent trading activity 

Bordeaux has been leading trade since the beginning of the week, accounting for 47.9% of total trade by value. It is buoyed by Château Latour 2009, which is the most traded wine by value this week so far, and by the 2020 and 2005 vintages of Château Margaux. 

Many of the most active wines this week fared from Burgundy, including Domaine de la Romanée-Conti Romanée-Conti Grand Cru 2015 and 2019, Clos des Lambrays 2020 and Domaine Armand Rousseau, Chambertin Grand Cru 2019.  

Champagne – a buyer’s market  

Like all of the Liv-ex Fine Wine 1000’s sub-indices, the Champagne 50 index is down 9.1% since the start of the year, and down 13% from its last peak in October 2022.  

Krug 2008 is among the biggest fallers in the index. It last traded yesterday at £3,760 per case (€365 per bottle), close to its lowest ever trade price of £3,384 per case (€334 per bottle) in October 2021 – its highest ever trading price was £6,384 per case (€627 per bottle) in May 2022.  

The sustained demand and falling prices are the tell-tale signs of a buyer’s market, where bidders are king. The green line in the chart above showing best live bids below the wine’s Market Price, and recent trades at that level, indicate that those prepared to bid may well get rewarded. 

There are currently 22 LIVE offers on Krug 2008 on Liv-ex, and only two live bids. Log on to the exchange to view them and trade.  

In case you missed it:  

Here’s what we’ve been reading:  

  • Liv-ex: Dom Perignon 2013 maintains top spot as most-traded wine by value in 2023 
  • The drinks business:  Does the three-tier system in the US still have legs? 
  • Harper’s: WSTA tells government ‘It’s not too late to scrap hikes’ 

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.              

Independent data, direct from the market.