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Bordeaux’s trade share declines as Tuscany comes into the spotlight 

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:   

  • Tuscany increased its share of trade by value. 
  • Tuscan wine Sassicaia, Tenuta San Guido, Bolgheri 2019 was the most active wine this week. 
  • Liv-ex published its closing report on the En Primeur campaign, the July Market report as well as the Q2 Quarterly Report. 

Regional trade in the past week 

Bordeaux continued to lead trade, accounting for 41.6% of regional trade by value this week. However, this is a decline from last week’s 49.5%. Despite this, three of the top-traded wines hailed from Bordeaux. See more below. 

By contrast, Tuscany saw its trade share rise to 12.7% this week compared to just 3.4% last week. This increase was primarily driven by wines such as Sassicaia 2019, which claimed the top spot among the most traded wines this week. Sassicaia 2016 and Soldera Case Basse, 100% Sangiovese, Toscana 2018, also traded. 

Piedmont also experienced an increase in its trade share, reaching 7.6% this week compared to 2.7% last week. Giuseppe Rinaldi’s Barolo Tre Tine 2019 secured the fifth position in the list of most active wines. Alongside it, the 2018, 2013 and 2019 vintages of Giuseppe Rinaldi’s Barolo Brunate drove the region’s trade share up. 

The Rhône experienced a slight uptick in its trade share, rising from 1.2% last week to 1.8% this week. 

All other regions including Burgundy, Champagne, the USA, and the ‘Others’ category observed a decline in their regional trade shares. After Bordeaux, the USA experienced the biggest decrease of all regions, falling to 3.8% from 4.8% last week. 

This week’s top-traded wines 

Once again, Bordeaux took the lead with the most active wines this week, with three wines ranking at the top. Tuscany and Piedmont were also represented.  

Taking the top spot this week was Sassicaia, Tenuta San Guido, Bolgheri 2019, which led trade by value. The wine received a rating of 94+ points from Antonio Galloni (Vinous). It last traded at £2,544 per case, above its current Market Price of £2,300 per case, which has risen by 15.6% since its release. 

The top-ranking wines from Bordeaux consisted of Pétrus 2020, Château Ausone 2018, and Château Lafite Rothschild 2009

Château Lafite Rothschild Classé 2009 was released at £11,000 per case, a decline of 29.1% compared to its current Market Price. Despite this drop, the wine has shown an increase in value over the past 5 years. In early 2020, it reached a low point of £6,760 but has since rebounded, now standing at a price of £7,802. 

Château Lafite 2009 trades on Liv-ex 

Weekly insights recap 

This week, Liv-ex published its comprehensive  En Primeur closing report. Additionally, the Q2 2023 Quarterly Report was released, offering a comprehensive overview of developments over the last quarter. The July Market Report was also published and updates on the Liv-ex 100 and Liv-ex 1000 indices were made available. Members with a Bronze membership and above can access the technical analysis of the Liv-ex 1000. 

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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 620+ 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.