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 maintained its leading position, while Piedmont achieved the most substantial relative increase in regional trade share by value.
- Dom Pérignon 2013 was this week’s top-traded wine, both in terms of value and volume.
- Weekly insights included the publication of our latest Quarterly Report and in-depth analysis of the Italy 100 index and 2013 Champagnes.
What’s happening in the secondary market?
Bordeaux’s trade share continued its upward trend, climbing from 40.8% last week to 45.4% this week. This uptick was driven by the active trading of wines from Château Mouton Rothschild and Chateau Lafite Rothschild. Some of the most expensive Bordeaux brands traded this week including Pétrus 2019 and 2009 as well as Le Pin 2005.
Other regions that also made gains this week include the Rhône, Piedmont, and the ‘Others’ category. Piedmont saw the biggest increase, jumping from 3.29% last week to 5.44% this week. While no wines from the region fell into the most active by value or volume, wines from Giacomo Conterno and Comm. G.B. Burlotto changed hands this week. The ‘Others’ category was led by Spain (1.23%) and Australia (1.08%).
On the other hand, Champagne and Tuscany saw declines in their trade shares this week, falling to 9.6% and 5.8% respectively, after high demand for these regions’ wines the previous week. However, Dom Pérignon 2013 took the spotlight as the most traded wine by both value and volume this week, and maintained its position as the top-traded wine this year. Burgundy and the USA also experienced a slight dip in their trade shares this week.
What were this week’s top-traded wines?
This week, Bordeaux dominated regional trade by value, with four of the top five traded wines hailing from the region. In terms of volume, Bordeaux only contributed two wines to the list: the 2018 and 2020 vintages of Château Clerc Milon. This week also saw the 1982 vintage of Château Mouton Rothschild change hands. The wine has a score of 99 points from Neal Martin and perfect 100-point scores from William Kelley and Lisa Perrotti-Brown.
Beyond Bordeaux, wines from Tuscany, Provence and Champagne also featured in the top traded by value and volume. Tuscan wine Tignanello 2020 recorded increased trading activity in terms of volume this week. This is unsurprising given Italy’s strong performance in September, when the Italy 100 index displayed the most growth (0.6%) among the Liv-ex Fine Wine 1000 sub-indices. Member can read more about the wines driving the Italy 100 index here.
As mentioned earlier, the spotlight this week belonged to Dom Pérignon 2013, which led trade by both value and volume. The wine was released at a relatively affordable price compared to its back vintages, however it did receive lower scores than some of them. Dom Perignon 2013 has seen its Market Price drop to £1,698 per case since its release and is currently trading below it, with the most recent trade settled at £1,550 per case.
Dom Perignon 2013 trades on Liv-ex
Weekly insights recap
This week, Liv-ex published its Quarterly Report that is available for all. Two Market Updates were also published for members, focusing on the wines driving stability in the Italy 100 index and insight into 2013 Champagnes.
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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.