- Bordeaux continued to dominate trade share by value, while the USA, Burgundy and Champagne took a hit.
- The most-traded wines by value and volume hailed from Bordeaux, Tuscany and Champagne.
- This week, Liv-ex published two Market Updates; one highlighting the Wine Advocate’s 100-point wines of 2023, and the other explored how the market is reacting to the Wine Spectator’s top wines of 2023.
- Liv-ex published the 2023 Power 100 report available to all to read.
What’s happening in the secondary market?
Bordeaux maintained its dominant position in the market, representing over 50% of the total trade share by value this week. The region was buoyed by wines from Château Lafite Rothschild and Château Haut-Brion trading.
The Rhône also had a strong week, taking 2.52% of the total share, driven by wines from Château Rayas, E. Guigal and Clos des Papes trading. Similarly, Piedmont saw an uptick of 54.7%, securing 4.75% of the total share, with wines from Bartolo Mascarello and Giacomo Conterno changing hands.
The ‘Others‘ Category demonstrated positive momentum, rising from 3.21% to 4.01%, fueled by trading activities involving wines from Spain, Australia and the UK.
However, this week’s success for most regions came at the expense of the USA, Champagne (despite Dom Pérignon Luminous 2013 claiming the top spot in terms of value traded) and Burgundy. The USA experienced the most significant decline, dropping from 4.52% to 2.31%.
What were this week’s top-traded wines?
Bordeaux led the way this week in terms of top traded wines by value and volume. Château Lafite Rothschild 2020 and 2011 vintages secured a position in the top five. The 2011 vintage recently changed hands at £5,314 per case, well below its peak trade price of £6,816 per case in October 2022.
Château Lafite Rothschild 2011 trades on Liv-ex
Château Haut-Brion Premier Cru Classé 2020 also claimed a spot in the top five, last trading at £4,180 per case, a 19.6% discount from its release price of £5,196 per 12×75. This wine has received high scores, with 99 points from William Kelley (Robert Parker) and Lisa Perrotti-Brown (The Wine Independent) and 96 points from Jane Anson and Neal Martin (Vinous).
Château Haut-Brion Premier Cru Classé 2020 trades on Liv-ex
Argiano, Brunello di Montalcino 2018 continued to lead the pack in terms of trading volume, maintaining activity after being named Wine Spectator’s top wine of 2023. Fellow Tuscan, Le Serre Nuove dell’Ornellaia Bolgheri 2020 also featured in the list of top traded by volume.
Weekly insights recap
This week, Liv-ex published two Market Updates available for members to read. The first one highlighted The Wine Advocate’s 100-point wines of 2023, and the other explored how the market is reacting to the Wine Spectator’s top wines of 2023.
Liv-ex also published the much-anticipated 2023 Power 100 report, available for all to read.
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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.