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Bordeaux leads regional trade by value, Champagne by volume 

  • Bordeaux accounted for nearly half of total regional trade by value at 48.5%. 
  • The most traded wines by value and volume predominately hailed from Bordeaux and Champagne. 
  • Liv-ex published two Market Updates highlighting the most sought-after Rhône wines and wines that received 100 points this year. 

What’s happening in the secondary market?

The Rhône showed strength, its trade share rising from 2.6% to 5.8%, surpassing the October average of 3.1%. Wines from Château Rayas were in high demand as the 2012, 2011, and 2007 changed hands, along with Château Rayas Côtes du Rhône La Pialade 2019

Bordeaux reaffirmed its dominance, accounting for nearly half of total regional trade by value. Trading activity was led by wines from Château Lafite Rothschild, Château Cheval Blanc and Le Pin. More analysis below. 

Tuscany also saw an increase in trading activity, while all other regions experienced a decline in their trade shares. Champagne continued its decline for another week, dropping from 11.7% to 6.3% despite Taittinger Comtes de Champagne Blanc de Blancs 2012 being the most traded wine by volume and featuring in the top five most traded by value this week. 

What were this week’s top-traded wines?  

This week’s top-traded wines, in terms of both value and volume, were predominantly from Bordeaux and Champagne. Bordeaux’s leading position was secured by the trading of Le Pin 2019. Other Bordeaux wines that changed hands included Château Cheval Blanc 2016 and Château Lafite Rothschild 2010. While both of these wines received perfect 100-point scores from Lisa Perrotti-Brown MW, they are currently trading well below their release prices. 

Château Lafite Rothschild 2010 last traded at £7,400 per case, below its initial release price of £12,000 per case. Similarly, Château Cheval Blanc 2016 last traded at £5,772 per 12×75 compared to its original release price of £6,400 per case. 

Château Lafite Rothschild 2010 trades on Liv-ex

Despite a decline in trade share, three of the most traded wines by volume were from Champagne: Taittinger Comtes de Champagne Blanc de Blancs 2012, Louis Roederer Cristal 2015 and Ruinart Blanc de Blancs NV. Taittinger Comtes de Champagne Blanc de Blancs 2012, which received 96 points from Antonio Galloni, is also trading below its release price, with the latest trade occurring at £1,140 per case compared to its initial release price of £1,350 per case. 

Taittinger, Comtes de Champagne Blanc de Blancs 2012 trades on Liv-ex 

Weekly insights recap  

This week, Liv-ex published two Market Updates, available for all members to read. The first highlighted the most sought-after wines in the Rhône 100, and the other revealed which wines have received 100 points in 2023 in the Liv-ex Fine Wine 100.  

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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.