- Bordeaux’s lead of the market weakened slightly while Champagne took a larger share than last week.
- Opus One 2021, Petrus 2017 and Dom Pérignon 2012 were the top-traded wines of the week by value.
- This week, Liv-ex published release analyses for 26 Bordeaux En Primeur wines (for members on Advanced level packages) including Haut-Brion, Mission Haut-Brion, Troplong Mondot, Phelan Segur, Ausone, Figeac, Leoville Las Cases and Pavie. These are now available for all members to read here. Members on Advanced packages were also sent a deep dive on Harlan Estate, including a technical analysis of its index.
Though remaining well in the lead, Bordeaux’s share of traded value fell slightly from 37.7% last week to 36.2% this week. Petrus was by far the region’s top-traded brand, taking close to a fifth of its traded value. By volume, Pichon Longueville Comtesse de Lalande took first place, and by frequency of trade, Vieux Château Certan.
Burgundy maintained in second place with a 22.7% share of traded value. Thanks to several higher volume trades, Domaine Ponsot joined Domaine de la Romanee-Conti and Domaine Bonneau du Martray as the region’s top-traded producers.
Champagne had a stronger week, up from an 11.3% share last week to 12.3% this week. Dom Pérignon 2012 and Ruinart Brut NV both featured amongst the week’s top-traded wines by volume. Salon 2006 was the region’s third top-traded wine. Since July 2024, it has traded, though infrequently, very consistently around the £7,800 per 12×75 mark.
Tuscany and Piedmont both saw slight declines in market share, though the regions’ larger names – Tignanello, Sassicaia, Bruna Giacosa and Giacomo Conterno – continued to trade actively.
The US’s trade share slipped slightly to 8.1%, though remained well above its April share of 6.0%. Opus One was by far the top-traded brand, across vintages accounting for over half of the region’s traded value.
Breakdown of buyer geography
US buying continued to decline, down from a 14.6% share of purchased value last week to a 12.3% share this week. The remaining buying was concentrated in Burgundy, Bordeaux and Tuscany (c.20% for each region). Nevertheless, they remained instrumental in some sub-regions, accounting for 69.3% of Brunello purchasing.
Asian buyers’ share of the market continued to tick up upwards, closing with 23.4% this week. While they are thought to have pulled out of En Primeur buying, Asian buyers remain active in the market for back vintage Bordeaux. Petrus, Vieux Château Certan and Haut-Brion were the top traded Bordeaux brands within this segment.
What were the week’s top traded wines?
Opus One 2021 was the week’s top-traded wine by value, having finished in second place last week. This week’s trades took place at a slightly lower price point than last week’s (£2,600 vs c.£2,675 per 12×75).
Petrus 2017 came in second place. While six packs traded flat on their 2020 prices (c.£22,800 per 12×75), single bottles (in OWC) garnered a hefty 26.8% premium.
Liv-ex trades of Petrus 2017
Dom Pérignon 2012 came in third place. Following several weeks of sparse trade, it changed hands this week in single bottle format at its lowest ever price — £1,284 per 12×75.
Liv-ex trades of Dom Pérignon 2012
Margaux 2021 came in fifth place, trading just above its Market Price (£3,100) at £3,140 per 12×75. As we have noted several times throughout the 2024 En Primeur campaign, the 2021s look aptly priced. The 2021 vintage of Margaux comes in as the cheapest available on the market, but, at 96 points (NM), by no means the worst rated. Buyers appear to have found value at this level, its trade prices ticking up since breaching the £3,000 mark in April.
Fair Value analysis: Château Margaux
Top-traded wines by volume
Weekly intelligence recap
This week, Liv-ex published release analyses for 26 Bordeaux En Primeur wines (for members on Advanced level packages) including Haut-Brion, Mission Haut-Brion, Troplong Mondot, Phelan Segur, Ausone, Figeac, Leoville Las Cases and Pavie. These are now available for all members to read here. Members on Advanced packages were also sent a deep dive on Harlan Estate, including a technical analysis of its index.
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 £140m of bids and offers across 20,000 wines.
