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Tuscany experiences surge in trade share this week 

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’s share of trade by value increased the most out of all regions this week. 
  • Wines from Bordeaux, Champagne and Tuscany features among the most active. 
  • Liv-ex released updates on finding value in Bordeaux 2014 and the benefits of placing bids. An update on the Liv-ex 1000 index was also released with Technical Analysis available to members. 

Regional trade in the past week 

Bordeaux has upheld its leading position in terms of trade by value, accounting for 32.2% of the total. Nevertheless, there has been a decline in its trade share for the second consecutive week. Notably, trading activity around Le Pin 2009, Château d’Yquem 1975 and Château Margaux 2009 has provided support to its position. 

Champagne has increased its trade share from 20.1% to 22.5% this week. Trading activity from the region includes Rare 2014 and Bollinger La Grande Annee 2014, both featured in the most active wines this week, as well as Louis Roederer Cristal 2008

Tuscany has experienced the most significant surge in trade out of all regions, representing 11.8% of total trade by value. Key contributors include Tignanello Toscana 2019, Sassicaia Tenuta San Guido Bolgheri 2020 and Castellare di Castellina Sòdi San Niccolò IGT 2019 and 2018

Positive momentum extended to the USA and the ‘Others’ category, both experiencing increases to 4.9% and 6.1%, respectively. 

Conversely, the Rhône and Piedmont recorded marginal decreases in their trade shares and Burgundy’s performance remained flat week-on-week. 

This week’s top-traded wines 

As mentioned earlier, Tuscany has displayed strength this week, with Tignanello, Toscana 2019 featuring in the top five wines traded by value. 

Interestingly, the Italy 100 (which tracks the price performance of the ten most recent physical vintages for five ‘Super Tuscans’ and five other leading Italian producers) is one of the most stable of all the sub-indices of the Liv-ex Fine Wine 1000 so far this year. The index has declined 3.7% year-to-date and only 0.4% in July.  

The Italy 100 index 

Two of the other top spots in the most traded wines by value this week were taken by wines from Bordeaux, contributing to maintaining its leading regional trade position. Château d’Yquem 1975 was the most actively traded wine followed by Château Margaux 2009.  

Château Margaux 2009 was scored 100 points by Jane Anson, 98 points by Lisa-Perrotti-Brown (The Wine Advocate) and 97 points from Neal Martin (Vinous). Notably, this vintage reached its recent peak trade price of £7,700 in October 2022, and its last trade price of £6,500 suggests the potential for the wine to revisit its peak. 

Château Margaux 2009 trades on Liv-ex 

Weekly insights recap 

This week, Liv-ex published two market updates. The first was the fifth part of a series on finding value in Bordeaux 2014 and the second highlighted the benefits of placing ambitious bids in the current market . An update on the Liv-ex 1000 index was also made available (free to read) and members have access technical analysis on the Liv-ex 1000 index.  

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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.