- Burgundy saw the biggest increase in its trade share this week, buoyed by Joseph Drouhin, Montrachet Grand Cru, Marquis de Laguiche 2018.
- Bordeaux, while experiencing a decline in its proportion of trade by value, had three wines in the top-traded by volume.
- This week, Liv-ex published two Market Updates; one highlighted the benefits of maintaining exposure over the holidays, and the other explored Château Rayas’ secondary market performance. The release of Clos des Papes 2022 was also covered.
What’s happening in the secondary market?
Burgundy’s trade share rebounded this week; the region accounted for 26.2% of total trade value, up from the previous week’s 13.2%. Key contributors included wines from Joseph Drouhin and Domaines Leflaive.
The Rhône continued its positive momentum for the second consecutive week, securing 2.9% of total trade, led by wines from Château Rayas and M. Chapoutier. The USA and the ‘Others‘ category also recorded an uptick in their trade shares.
Tuscany’s share took a dip, despite Argiano, Brunello di Montalcino 2018 remaining in both the top-traded wines by volume and value. Bordeaux trade also declined, dropping from 54.1% to 39.5% this week, despite having wines in the top-traded by value.
What were this week’s top-traded wines?
As previously mentioned, Joseph Drouhin, Montrachet Grand Cru, Marquis de Laguiche 2018 from Burgundy claimed the top spot among the most-traded wines by value. The wine has experienced consistent value growth over the years, reaching a current Market Price of £8,844 per case. It last changed hands at £8,730 per 12×75.
Joseph Drouhin, Montrachet Grand Cru, Marquis de Laguiche 2018 trades on Liv-ex
Argiano, Brunello di Montalcino 2018, Wine Spectator’s wine of the year, remained actively traded on the exchange this week. The wine’s first trade on Liv-ex occurred at £40.50 per bottle. The latest trade, recorded today, reached £53.67 per bottle, a 32.5% increase in value over the past three weeks.
Argiano, Brunello di Montalcino 2018 trades on Liv-ex
Meanwhile, despite a decrease in overall trade share for Bordeaux this week, the region maintained dominance in terms of trade volume with three wines leading the way: Château Pavie 2015, Château Pontet-Canet 2009 and Roc de Cambes, Côtes de Bourg 2013.
Château Pontet-Canet 2009, scored 100 points by Lisa Perrotti-Brown MW and 97 points by Jane Anson, was originally released at £885 per case and last traded at almost double the price, for £1,642 per case. However, this reflects a significant drop from its peak trade price of £2,211 per 12×75 in November 2022.
Château Pontet-Canet 2009 trades on Liv-ex
Weekly insights recap
This week, Liv-ex published two Market Updates available for members to read. The first one highlighted the benefits of maintaining exposure over the holidays, and the other explored Château Rayas’ secondary market performance.
An article covering the release of Clos des Papes 2022 was also published for members.
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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.