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Bordeaux dominates the secondary market this week 

Bordeaux led weekly trade with over 40.0% of trade by value. Most of the top-traded wines this week hailed from the region. 

  • Bordeaux led weekly trade with over 40.0% over trade by value, followed by Burgundy and the ‘Others’ category.  
  • The top-traded wines hailed predominantly from Bordeaux.  
  • Liv-ex published its En Primeur 2023 closing report, and a Market Update looking at Super Tuscans’ performance over the last five years. 

What’s happening in the secondary market? 

Bordeaux led weekly trade by a considerable margin this week, accounting for 40.2% of total trade by value. Many of the region’s wines featured among the most-traded by value and volume this week, including several vintages of Chateau Lafite Rothschild (more on this below).  

Burgundy trailed behind with a trade share almost half of Bordeaux’s, taking 21.4% of trade, slightly up from last week’s 18.5%. Champagne’s trade share kept declining, falling from 8.0% to 6.3% of trade this week. The region was overtaken by Tuscany, the USA and the ‘Others’ category, despite Dom Pérignon 2012 featuring among the most-traded wines by volume. 

Tuscany and Piedmont both saw their trade shares fall week-on-week, to 7.9% and 4.4% respectively. A Tuscan Brunello di Montalcino led trade by volume this week, buoying the region’s trade share. 

The ‘Others’ category also took a dip, falling from 17.8% to 9.4% of trade this week, despite a high value whisky trade. The Rhone and the USA, on the other hand, both recorded an uptick in their trade shares, to 3.0% and 7.5% respectively. 

What were the top-traded wines this week? 

The most-traded wines by value and volume were heavily dominated by Bordeaux this week; most notably, four out of the five top-traded wines by value hailed from the region.  

Château Lafite Rothschild 2019 led weekly trade. Last week, we pointed out that the wine’s trade price was just about remaining above its release price of £5,112 per case; this week, Lafite 2019 has broken its release price and last traded at £4,972 per 12×75. The wine also featured among the most-traded wines by volume, indicating considerable demand for it at this price.  

Château Lafite Rothschild 2019 trades on Liv-ex 

The 2005 vintage Château Mouton Rothschild also featured on the list, while the 2005 Château Lafite Rothschild fell just shy of the top five. Both wines saw their trade price shoot up during the fine wine market boom of 2021/2022, before ceding all of the gains recorded during that period. While they are trading around their 2020 levels, their current Market Prices are 78.6% and 45.7% above their release prices respectively.  

The last Bordeaux on the list of most-traded wines by value is Château Haut-Brion 2012. Interestingly, compared to the wines above, the 2012 has recorded a more steady rise in price, including in 2021/2022.  

The most-traded wines by volume were led by a 2019 Brunello di Montalcino from Castelgiocondo. Also on the list was Champagne’s Dom Pérignon 2012, which was recently rescored 97 points by Antonio Galloni (Vinous). The wine has a current Market Price of £1,452, 10.0% above its release price of £1,320 per 12×75.  

Last but not least, another Bordeaux completed the rankings, namely Château Troplong-Mondot 2015. The wine’s trade price has been rather erratic over the years; most recently, it traded at £812 per case, below its release price of £880 per 12×75. 

Weekly insights recap 

As the En Primeur campaign draws to a close, Liv-ex published its Bordeaux 2023 En Primeur closing report, available for all to read. Liv-ex members were also sent a Market Update looking at Super Tuscans’ performance over the last five years. 

Liv-ex analysisis drawn from the world’s most comprehensive database offine 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.  

Independent data, direct from the market.