- Bordeaux trade share slips back, with Burgundy, Champagne and Tuscany making gains
- US purchase levels remain low, with the country’s buyers focusing attention on Burgundy over the past week
- Tenuta San Guido was this week’s top-traded producer, with the 2020 and 2018 trading at similar prices in decent volume
- This week, Liv-ex members on Advanced level packages were sent an analysis of recent Asian market activity. They also received release analysis of Le Pin 2024 and Taittinger Comtes de Champagne Rosé 2012
After a strong close last week, Bordeaux’s share of trade value slipped back, taking a 31.5% share. Petrus was the region’s top traded producer, accounting for 22.9% of all Bordeaux trade value. Chateau Mouton Rothschild was the best of the rest, with the 2015 Grand Vin changing hands at £3,240 / $4,946 per 12×75 (equivalent to €355.5 per bottle), 7.4% below its ex-negociant release price (€384).
Burgundy took a 25.2% share of trade value. Coche-Dury led the way, with multiple vintages of the village Meursault trading. Staying in Meursault, Arnaud Ente had a strong week, with the 2017 vintages of the village Meursault and Meursault, Clos Des Ambres trading.
Champagne’s share of trade value rose. This was courtesy of Salon, which accounted for 39.8% of all Champagne trade value. Over recent months the 2007 has seen increased trade. It appears that buyers are seeing value now that prices having have fallen back to where they were in late 2021.
Liv-ex Trades of Salon 2007
Tuscany also had a stronger week, taking a 9.2% share of purchase value. Tenuta San Guido was this week’s overall top-traded producer, with Sassicaia 2020 and 2018 trading in decent volumes (see analysis below).
Breakdown of buyer geography
While US merchants continue to take a back seat, this week they focused their purchasing on Burgundy, which accounted for over half of US buying.
With Bordeaux En Primeur winding down over the past fortnight, UK purchase value has increased. This week it was 25.8% above the weekly average during the campaign.
What were the week’s top-traded wines?
Sassicaia 2020 and 2018 traded in good volumes. Both receiving 97 points from Antonio Galloni (Vinous), the 2018 was released at £1,800 and the 2020 at £2,400. They are now trading at very similar levels, 20.2% below the 2020’s release price and 3.8% above the 2018’s release price. The chart below plots last trade prices for Sassicaia against Antonio Galloni ratings, with the 2018 and 2020 in the same position in orange. This week’s trades look sharp in the context of other recent Sassicaia trades.
Sassicaia Last Trade Prices vs Antonio Galloni Ratings
| Vintage | Last Trade Price (£ per 12×75) | Last Trade Price ($ per 12×75) | Last Trade Price (€ per 1×75) | Ex-London (£ per 12×75) | Last Trade to ex-London (%) |
| 2022 | £1,840 | $2,492 | € 181.8 | £2,500 | -26.4% |
| 2021 | £2,304 | $3,120 | € 225.4 | £2,500 | -7.8% |
| 2020 | £1,860 | $2,520 | € 182.0 | £2,400 | -22.5% |
| 2019 | £1,990 | $2,692 | € 196.7 | £1,990 | 0.0% |
| 2018 | £1,868 | $2,534 | € 182.9 | £1,800 | 3.8% |
| 2017 | £1,925 | $2,616 | € 188.2 | £1,700 | 13.2% |
| 2016 | £4,000 | $5,408 | € 396.3 | £2,160 | 85.2% |
| 2015 | £2,216 | $2,956 | € 216.8 | £1,130 | 96.1% |
| 2014 | £2,000 | $2,708 | € 197.8 | £1,090 | 83.5% |
| 2013 | £2,200 | $2,924 | € 216.9 | £1,050 | 109.5% |
| 2012 | £2,272 | $2,924 | € 221.1 | £1,090 | 108.4% |
| 2011 | £1,900 | $2,504 | € 187.6 | £1,090 | 74.3% |
| 2010 | £2,144 | $2,768 | € 207.3 | £1,070 | 100.4% |
| 2009 | £2,380 | $3,158 | € 232.8 | £1,050 | 126.7% |
| 2008 | £2,416 | $3,012 | € 235.2 | – | – |
| 2007 | £2,750 | $3,738 | € 268.8 | – | – |
Top-traded wines by volume
Weekly insights recap
This week, Liv-ex members on Advanced level packages were sent an analysis of recent Asian market activity. They also received release analysis of Le Pin 2024 and Taittinger Comtes de Champagne Rosé 2012.
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.
