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:
- Burgundy experienced the largest uptick in its trade share.
- This week’s top-traded wines hail from Bordeaux, Burgundy, Champagne and Tuscany.
- Liv-ex has published coverage of La Place Autumn Releases, as well as a Market Update featuring technical analysis of the Dom Pérignon index.
What’s happening in the secondary market?
Bordeaux maintained its lead in the market this week, representing 36.2% of total trade by value, slightly down from the previous week’s 38.5%. Bordeaux top position was buoyed by the active trading of multiple vintages of Pétrus and Château Latour.
Burgundy was the standout performer this week, experiencing a significant increase in activity. The region claimed 22.1% of the total trade by value, up from 12.8% the previous week. This gain can be attributed to trading of wines from Domaine Arnoux-Lachaux and Leroy.
Tuscany also showed positive momentum, increasing its trade share from 11.4% to 12.3%. This uptick can be credited to the active trading of wines such as Sassicaia 2019 as well as the 2018 and 2014 vintages of Masseto.
On the flip side, all other regions recorded declines in their trade shares. The Rhône experienced the most significant drop, falling from 4.7% last week to 2.1% this week.
Despite having multiple vintages of Dom Pérignon trade this week, Champagne also saw a decrease in its trade share, accounting for 14.9% compared to 16.3% the previous week.
What were this week’s top-traded wines?
This week’s top-traded wines were from Bordeaux, Champagne, Tuscany and Burgundy.
Leading the way was Château Latour 1982 with a last trade price of £17,500 per case. The wine has received 100 points from five critics, namely William Kelley, Neal Martin, Lisa Perrotti-Brown, Antonio Galloni and Robert Parker. Fellow Bordeaux wine Pétrus 2018 also featured in the top-traded wines this week.
Sassicaia 2019 once again had a place in the list of most active wines, solidifying its position as the top-traded Italian wine by value this year. As shown in the graph below, Sassicaia Market Prices are 84.2% correlated to The Wine Advocate scores. The 2019 vintage is currently priced at ‘Fair Value’. The 2018 and 2013 vintages also fall below the fair value line, with Market Prices slightly lower than that of the 2019 vintage, thereby providing a compelling opportunity for buyers.
As previously mentioned, Burgundy had a strong week with Domaine Leroy, Romanée-Saint-Vivant Grand Cru 2013 emerging as one of the most actively traded wines. The wine last changed hands at £88,000 per case (packed as 3×75).
Which wines have been released on La Place de Bordeaux this week?
La Place Autumn Releases have continued to flow in, with wines from around the world being released.
Below is a list of wines that Liv-ex has covered so far this week:
Weekly insights recap
Alongside coverage of La Place Autumn Releases, Liv-ex published a Market Update for members analysing whether Champagne’s downturn might be ending..
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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 20,000 wines.