What’s happening in the market?
There was strong demand for Champagne over the weekend as Louis Roederer Cristal 2015 dominated trade by value and volume, and Taittinger Comtes de Champagne Blanc de Blancs 2006 saw some trading activity. The region’s trade share rocketed to 20.1% of the total as a result.
Burgundy still narrowly came in ahead of Champagne in terms of trade since last Friday, buoyed by wines from Domaine Leroy and Coche-Dury, Meursault trading. It nonetheless trailed 10% behind Bordeaux, which remained the leading region in terms of trade by value.
The United States account for 4.8% of total trade by value; Scarecrow 2019 recorded some trades, as did the 2006 and 2007 vintages of Colgin, Napa Valley IX Estate, the latter setting an all-time high trading price in the process (£6,976 per 12×75).
Today’s deep-dive: Record-high live offers on the exchange
Last week, the offer exposure on Liv-ex broke a record: for a few days, there were over £100 million’s worth of live offers on the exchange.
Although the number has slightly dipped since last Friday, there are currently over £95.6 million of live offers on 12,582 LWIN11s (individual wines).
As shown above, offer exposure has consistently been growing over the past two years. 2023 started strong with a new offer exposure high of £64 million in January, which was promptly topped in February when that number broke £70 million.
Region-wise, Burgundy wines alone currently account for over a third of all live offers, closely followed by Bordeaux with just over a fifth of the total.
Liv-ex is also breaking records in the LWIN space: we are nearing the milestone of one million LWIN11s created to represent wines from around the world. In September, a record 23,692 of these LWIN11s either had a bid or offer against them, reflecting the broadening of the fine wine market.
With more live offers than ever before, the ball sits firmly in the buyer’s court to make the most of these opportunities. Log in to the exchange to view them and trade.
In case you missed it
Here’s what we’ve been reading:
- Liv-ex: Newly-released Salon 2013 among most traded wines by value
- The drinks business: Champagne Laurent-Perrier launches Grand Siècle Iteration No. 26
- Financial Times: House prices fall across all UK regions for first time since 2009
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 over £115m of bids and offers across 20,000 wines.