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 maintains lead position in trade by value this week.
- Champagne experiences the most substantial increase in trading activity, with three wines ranked as the most active.
- Liv-ex released pricing analysis of Dominus 2020, and updates on finding value in Bordeaux 2014 and the benefits of using Liv-ex and your broker to trade successfully.
Regional trade in the past week
Bordeaux maintained its lead position in trade by value this week, accounting for 44.1%, slightly higher than the previous weeks’ 43.0%. This was buoyed by Château Latour Premier Cru Classé 2015 and Château Lafite Rothschild 2016 being amongst the top traded wines this week.
Champagne had a strong week accounting for 16.2% of trade by value with three of the most active wines. This was up on last week’s 11.0%. See more below.
Burgundy experiencing a marginal increase to 22.7% from last week’s 21.7%. This was primarily driven by Domaine de la Romanee-Conti, Romanee-Conti Grand Cru 2014, Domaine Leroy, Chambertin Grand Cru 2011 and Domaine Dujac, Clos Saint-Denis Grand Cru 2017 experiencing trading activity.
Piedmont experienced a small uptick in trade, accounting for 3.9% compared to 3.3% last week. Giuseppe Mascarello e Figlio, Barolo, Monprivato 2018, and Giacomo Conterno, Barolo, Monfortino Riserva 1996 were among the actively traded wines.
All other regions, including the Rhône, Tuscany, the USA, and the ‘Others’ category, experienced a decline in their share of trade. Tuscany experienced the most significant decrease, dropping to 5.7% this week compared to 10.0% last week.
This week’s top-traded wines
As mentioned previously, Champagne demonstrated considerable strength this week, claiming three of the top spots in the list of most actively traded wines. These wines were the 2013 vintages of Salon, Le Mesnil-sur-Oger Grand Cru and Rare. Additionally, the 2015 vintage of Louis Roederer, Cristal, also featured as one of the top traded wines. Both Salon, Le Mesnil-sur-Oger Grand Cru and Rare 2013 have recently been released to the market and have garnered attention, resulting in their top positions.
Meanwhile, Bordeaux maintained its dominant position, primarily driven by the active performance of Château Latour Premier Cru Classé 2015 and Château Lafite Rothschild 2016. Lafite 2016 received a score of 97 points from Neal Martin (Vinous) and 98 points from Lisa Perrotti-Brown MW (The Wine Advocate). Notably, the wine last traded at £6,600 per case, 8.3% below the current Market Price of £7,200 per 12×75. Currently, the best live offer (shown by the blue line in the graph below) stands at £6,780 per case, a 5.8% discount on the Market Price. There are currently 684 live opportunities of Chateau Lafite Rothschild on Liv-ex.
Château Lafite Rothschild 2016 trades on Liv-ex
Weekly insights recap
This week, Liv-ex published three market updates. The first focused on the release of Dominus 2020, while the second was the third part of a series on finding value in Bordeaux 2014. Additionally, an update was published highlighting the benefits of using Liv-ex and your broker to trade successfully.
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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.