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Château Pavie 2012 trades at £2,150 per case 

  • Burgundy’s market share rose for the second consecutive week, reaching 21.6%. 
  • Bordeaux claimed four positions in the list of the week’s most traded wines by value. 
  • This week, Liv-ex published two Market Updates featuring pricing analyses of Il Poggione 2019 and Vega Sicilia Único 2014.  
  • The Liv-ex Fine Wine 1000 turned 20 and a new tool, Technical Analysis, was introduced for members.

What’s happening in the secondary market?  

Burgundy saw weekly growth in its trade share for the second consecutive week, reaching 21.6% compared to the previous week’s 19.3%. Meanwhile, Bordeaux concluded the week at 38.3% of total trade, down from the 42.1% share it held the week before. 

Champagne had a positive week, increasing its share from 7.8% to 10.9% of total trade. The region was buoyed by trades of Louis Roeder, Cristal 2009 and Salon, Le Mesnil-sur-Oger Grand Cru 1996, along with Ruinart, Blanc de Blancs NV which features as one of the top-traded wines by volume this week. 

The USA experienced continued activity, increasing to 9.3% of the total, up from 7.7% last week. Five back vintages of Screaming Eagle, the 2019, 1997, 2015, 2018 and 2016, traded in the last week. Additionally, Opus One saw activity on the exchange with the 2019, 2018 and 2016 trading. 

On the other hand, the Rhône and Tuscany saw declines in their trade shares. Despite Castelgiocondo (Frescobaldi), Brunello di Montalcino 2016 being the top-traded wine by volume, Tuscany’s share dropped from 9.3% to 7.4%. The Rhône’s trade share by value decreased from 5.7% to 3.53%. 

What were this week’s top-traded wines? 

Aside from Screaming Eagle 2019, the remaining four top-traded wines by value hailed from Bordeaux. Leading the pack was Château Pavie 2012, which traded at £2,150 per case, nearly matching its low of May 2020.  

Initially released at £2,000 per 12×75, this recent trade reflects a modest 7.5% increase from its release price. The wine is presently trading below its Market Price, suggesting sellers are actively seeking opportunities to unload their stock. 

Initially given a barrel range of 91-93 points by Neal Martin in 2013, the wine was revised upwards to 94 points in 2022. Martin noted that, ‘the 2012 Pavie has a lovely bouquet, one of the best of the Right Bank’. 

Château Pavie 2012 trades on Liv-ex 

Château Lafite Rothschild 2009 has also seen activity on the exchange this week, securing a position among the top traded wines by value. The wine received 100 points from James Suckling, 97 points from Lisa Perrotti-Brown and 99 points from Jane Anson. The most recent trade occurred at £6,370 per case, approaching its previous lowest trade price of £6,150 recorded in February 2020. Currently, the wine is being traded at a 42% discount compared to its initial release price. 

Château Lafite Rothschild 2009 trades on Liv-ex 

The final positions on the list were claimed by Château Haut-Brion 2010 and Le Pin 2016.  

Weekly insights recap 

This week, Liv-ex published Market Updates for members featuring pricing analyses of Il Poggione 2019 and Vega Sicilia Único 2014. Additionally, a special milestone was celebrated as the Liv-ex Fine Wine 1000 turned 20, accompanied by analysis showcasing its 300% increase since inception. Finally, a new tool, Technical Analysis, was introduced for members on Gold packages and above. 


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.