Bordeaux has maintained its trade share this week, while a single bottle of Macallan Scotch whisky traded for £52,500. Read more to find out which wines completed the most traded by value and volume this week.
- Bordeaux led weekly trade by a significant margin, followed by Burgundy and Champagne.
- In addition to the Scotch whisky, other active wines hailed from Bordeaux, Burgundy, Champagne and Piedmont.
- This week, Liv-ex published its March Market Report, as well as Market Updates covering the releases of Krug 2011, Clos des Lambrays 2022 and Tignanello 2021.
What’s happening in the secondary market?
Bordeaux led weekly trade by a considerable margin this week, with 32.9% of total trade compared to Burgundy’s 21.7%. This is despite Burgundy having two wines among the top-traded by value to Bordeaux’s one, although the former also had two wines in the top-traded by volume this week.
Champagne recorded an uptick, holding 12.0% of trade this week compared to just 7.0% last week. The region was buoyed by Taittinger, Comtes de Champagne Blanc de Blancs 2013featuring on the list of most-traded wines by value and volume this week.
The ‘Others’ category continued its rise, accounting for 8.9% of total trade compared to 7.1% last week and 6.5% in February. A Scotch whisky topped the list of most traded wines by value, contributing to the category’s success. Piedmont was another winner this week, buoyed by two of its wines actively trading and making the list of most traded wines by volume.
The Rhône and Tuscany’s trade shares remained remarkably flat week-on-week, accounting 4.2% and 10.8% of total trade by value respectively. The USA saw its trade share dip to 4.8% this week, after closing last week at 7.9%.
What were this week’s top-traded wines?
As mentioned above, it was a Scotch Whisky that led weekly trade: Macallan, Speyside Highland Single Malt The Red Collection 78YO, Bottled 2020 changed hands at £52,500 per 1×70. This is considerably below its peak trade price of £86,177 per 1×70 in August 2022, reflecting the softening market of blue-chip Scotch Whisky.
Two Burgundy Grands Crus featured on the list of most-traded wines by value, Domaine Ponsot, Clos de la Roche Grand Cru, Cuvée Vielles Vignes 2005 and Domaine Bonneau du Martray, Corton-Charlemagne Grand Cru 2020. The latter traded several times during the last week, including twice in magnum format at a considerable premium to the bottle price, 23.0% higher to be exact.
Domaine Bonneau du Martray, Corton-Charlemagne Grand Cru 2020 trades on Liv-ex
Château Beychevelle 2021 was one of the most traded wines by value and volume this week. Like other Bordeaux 2021s, it has been released to the market in bottle this year. It was most recently scored 92+ points by William Kelley (The Wine Advocate) in 2024.
Taittinger, Comtes de Champagne Blanc de Blancs 2013 experienced continued success, having been the most traded wine by volume last week. It was the fifth most-traded wine by value and volume this week, last trading at £1,160 per 12×75.
Piedmont’s trade share was buoyed by two 2021 wines making the list of most-traded wines by volume: Ca’ Nova, Barbaresco and Ca’ Nova, Barbaresco, Montestefano, which were scored 94 and 98 points by Antonio Galloni (Vinous) respectively.
Weekly insights recap
This week, Liv-ex published its March Market Report for members on Silver packages and above. An executive summary of the report is available for Bronze members to read.
Liv-ex members were sent pricing analyses of Krug 2011, Clos des Lambrays 2022 and Tignanello 2021 to mark these wines’ releases onto the market.
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.
