- Burgundy has overtaken Bordeaux as the top traded region by value this week.
- Two vintages of Sassicaia, including the new 2022, featured amongst the week’s top traded wines by value.
- Asian buyers accounted for 22% of purchased value, compared to US buyers accounting for just 10%.
- On Monday the Liv-ex Bordeaux Closing report, entitled ‘Fool Me Once…’ was published for members on Advanced level packages (it will be made available to all members next week). All members were sent a Market Update on the Burgundy 150, including a technical analysis of the index, a look into bid:offer ratios and thoughts on possible future price movements.
This week, Burgundy has overtaken Bordeaux as the top traded region by value with a 28.6% share, up from 25.7% last week. While Domaine Georges Roumier’s Bonnes Mares 2022 featured amongst the top-traded wines by value, Domaine de la Romanee-Conti and Domaine Leflaive were the top traded producers across labels.
While Bordeaux ceded the top position, it nevertheless accounted for just over a quarter of the week’s traded value. Les Carmes Haut-Brion 2022 was the region’s top traded wine by value, changing hands in decent volumes just below its ex-London release price (£1,320 per 12×75).
Two vintages of Sassicaia – the 2020 and 2022 – featured amongst the week’s top-traded wines by value. With Sassicaia (across vintages) accounting for over half of Tuscany’s traded value this week, its share of the market rose to 14.1%.
Champagne had a relatively strong week, its share of traded value up from 9.6% to 14.1%. Salon 2012 was the second top traded wine of the week, with the 2012 coming in as the top-traded vintage overall.
Piedmont’s share of traded value also rose slightly week on week (from 2.4% to 3.8%), though remained below its May average (4.2%).
With US buyers still taking a back seat, Spain has seen little trade over the past few weeks, standing to be one of the worst affected regions by tariff impositions.
US wines, however, have maintained a solid share of the market, with several vintages of Screaming Eagle Oakville Cabernet Sauvignon and Harlan Estate trading actively. UK buyers are the largest buying segment, accounting for over half of purchased value.
If you’d like to learn more about how Liv-ex could support your business, fill in the form below.
