Recent trading activity
Looking at trading activity from Friday through to Monday, Bordeaux has reclaimed a bigger portion of trade in comparison to last week. Concluding the preceding week at 28.7% of total trade, Bordeaux’s share now stands at 35.0% with wines from Château Angélus and Château Montrose trading.
Burgundy’s portion of trade is currently at 19.2%, lower than its ending position last week of 25.8%. This performance is buoyed by the trading of wines from Bouchard Père et Fils and Domaine Georges Roumier.
Which Bordeaux 500 wines are trading below their Market Price?
*Made using the Charting Tool
The Bordeaux 500 index experienced a decline of 3.0% in July, contributing to a year-to-date fall of 6.5%. Certain wines within the Bordeaux 500 are currently trading below their Market Price, providing opportunities for buyers as sellers adjust their prices.
Despite the recent market downturn, there remains a consistent trading momentum and sustained activity, as evidenced by the increased trading activity of Bordeaux wines (LWIN11s) in July compared to the previous month of June.
The table below highlights the wines that have traded below their Market Price in August:
Pétrus stands out among this list, with several of its vintages currently trading below their Market Price. The 2012 vintage last traded the furthest below its Market Price, 19.8% under to be precise. Similarly, the 2015 vintage, which scored 98+ points from Neal Martin, last traded 18.0% below its Market Price.
Château Pavie 2019 last traded at a 17.9% discount to its Market Price. It is currently down 14.8% year-to-date in terms of price, placing it just behind the 2017 vintage which has seen the most substantial decline of all the Pavie vintages so far this year.
Château Angélus 2016, with a score of 99 points from Lisa Perrotti-Brown MW and 97 points from Neal Martin, is also trading below its Market Price. The wine has recorded an 8.5% decrease in value year-to-date, which represents the lowest decline among the past ten Angélus vintages in 2023.
These scenarios underscore the potential of capitalising on downturns in the market to secure wines at prices below their Market Price.
There are currently 5,712 LIVE opportunities for Bordeaux on Liv-ex. Log in to the exchange to view them and trade.
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Here’s what we’ve been reading:
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- The Drinks Business: France to spend €200m destroying wine surplus
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.