Recent trading activity
Bordeaux has occupied its usual spot as the leading region in terms of trade value since the beginning of this week, buoyed by the 2012, 2019 and 2005 vintages of Château Lafite Rothschild, and Château Pontet-Canet 2010. Interestingly, Le Pin 2022 also traded En Primeur on Liv-ex after its release earlier this week.
Bidders reap rewards of falling Dom Pérignon prices
The Champagne 50 index fell a further 1.2% in June, meaning it is now down 10.3% year-to-date. However, the market is far from running out of gas, as Champagne wines have accounted for 12.7% of trade by value since the start of the year, the third biggest share of trade behind Bordeaux and Burgundy.
The most traded wine by value on Liv-ex this year is Dom Pérignon 2013, which was released in January at £1,830 per case. Since then, the wine’s Market Price has fallen 4.9%, and it last traded at £1,632 per 12×75 at the end of June.
Dom Pérignon 2013 trades on Liv-ex
As outlined in our previous update about Krug 2008, bidders are winners in this market. The chart above demonstrates this, as the green line shows the best live bids below the wine’s Market Price, and recent trades at that level indicate that those prepared to bid may be rewarded.
The picture is much the same in other vintages of Dom Pérignon, including the 2012 which was scored 97 points from Antonio Galloni and Jeb Dunnuck. The wine last traded at £1,650 per case, below its Market Price of £1,758 per dozen.
The lower-scoring 2010 vintage last traded a few days ago 19.5% below its Market Price of £1,880 per case. The chart below once again highlights that bids below the wine’s Market Price and the best live offer level may well result in a trade.
Dom Pérignon 2010 trades on Liv-ex
There are currently 38 LIVE offers for Dom Pérignon on Liv-ex and only 18 live bids. Log in to the exchange to view them and trade.
In case you missed it:
Here’s what we’ve been reading:
- Liv-ex: Bordeaux En Primeur 2022 – Where is the magic?
- The drinks business: 2022 en primeur campaign ‘missed opportunity’ given initial excitement
- Harpers: New Zealand becomes world’s 6th largest wine exporter by value
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.