- 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.
Breakdown of buyer geography
US buying continued to taper off this week, accounting for just 9.8% of overall purchasing. In their place, Asian buyers have continued to expand their share. Burgundy accounted for 45.0% of their purchased value, but they also exhibited some interest in the Rhone, with Chateau Rayas coming in as their second top traded producer by value.
European buyers took a larger portion of traded value than last week, surpassing the UK as the top buying segment. Bordeaux accounted for 34.5% of their purchasing, with Tuscany in second place as their second top-traded region.
What were the week’s top-traded wines?
Salon 2012 was the second top-traded wine of the week by value. In late 2024, its market price rebounded slightly, finding support at its 2021 low (£7,580 per 12×75). With volatility decreasing (as represented by the narrowing Bollinger Bands), there is likelihood of a price breakout (in either direction).
Technical analysis of Salon 2012
Increasingly frequent trade with some upward movement around its 2021 low supports the view that this breakout will be upwards – the market is demonstrating some commitment to an (albeit slight) upward trend.
Auctions and Liv-ex trades of Salon 2012
Top-traded wines by volume
Pol Roger Brut NV was the top-traded wine of the week by volume. Since September 2024, trade has picked up substantially, with prices consolidating around the £280 per 12×75 mark. Its Market Price, however, sits further above trade than we have historically seen for this cuvee. While trade prices look solid, there is room for list prices to come down to meet the market.
Liv-ex trades of Pol Roger Brut NV
Weekly intelligence recap
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.
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.
