Recent trading activity
Looking at trading activity from Friday through to Tuesday, Bordeaux has increased its trade share since the start of the week to 32.9%. By contrast, Burgundy’s presence has diminished slightly, now accounting for 25.3% of total trade by value.
Among the active wines from Bordeaux we find Pétrus and Château Lafite Rothschild while Burgundy continues to see trading of wines from Domaine Arnoux-Lachaux and Armand Rousseau.
Meanwhile, the Rhône has increased its trade share since the start of the week to 6.7%. This growth is largely driven by the active trading of Château Rayas and Domaine de la Janasse.
The Burgundy 150 wines trading below their Market Price
In July, the Burgundy 150 index recorded a decline of 2.2%, and its year-to-date performance has seen a decrease of 10.3%. These fluctuations have presented opportunities where select vintages within the Burgundy 150 are currently trading below their Market Price, providing opportunities for buyers.
Encouragingly, despite the market downturn, the market is active, with more Burgundy wines (LWIN11s) trading in July than in June. This indicates that there is continued interest and buying and selling is taking place.
The table below highlights the wines that have traded below their Market Price in the last two months.
Domaine Armand Rousseau, Chambertin Grand Cru 2016, last traded the lowest below its Market Price out of the wines within the Burgundy 150. However, it has shown resilience, with a 2.6% year-to-date increase and an 8.6% gain in July.
Likewise, Domaine Bonneau du Martray, Corton-Charlemagne Grand Cru 2017 is currently up 9.7% year-to-date and its performance in July remained steady, staying flat on the month before. The wine last traded at an 11.9% discount to its Market Price.
Scenarios such as the above highlight opportunities to buy wines lower than their Market Price that either maintained their value or saw a resurgence in the last month, even during a downturn in the market.
There are currently 2,241 LIVE bids for Burgundy wines on Liv-ex. Log in to the exchange to view them and trade.
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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.
