- Though Bordeaux remained in the lead of market, Burgundy and Champagne both saw increased shares
- Cristal 2006, Petrus 2000 and Armand Rousseau Chambertin-Clos de Beze 2001 were the week’s top traded wines.
- This week, Liv-ex members were sent a comparative analysis of the Grand Marques by score and vintage. With the Bordeaux trade at Vin Expo, this week marked a pause in the 2024 En Primeur campaign, with only Trotanoy and Brane-Cantenac released. All members can review our coverage of the campaign so far here.
While remaining in the lead Bordeaux’s share of traded value fell to 33.6%. Beychevelle and La Conseillante were the top traded wines by volume; by value, Petrus and Chateau Lafite Rothschild took first and second place.
Burgundy’s share of trade increased from 22.7% last week to 27.8% this week. Domaine de la Romanee-Conti, bolstered by trades of 2019, 2016 and 2013 assortment cases, took close to a third of the region’s trade.
Champagne had a stronger week, the region’s share of trade increasing from 12.3% to 14.2%. While Cristal 2006 was the week’s top-traded individual wine, Dom Perignon came in as the top-traded producer.
Tuscany’s share of trade has remained consistent around the 8% mark. This week, alongside good volumes of both Sassicaia and Tignanello 2022, several Brunellos, including Biondi-Santi 2018 and 2019, saw trade.
Piedmont closed with a 4.6% share of traded value. Giacomo Conterno (Barolo Francia and Monfortino Riserva) accounted for over half of the region’s trade.
The USA’s share fell from 8.1% last week to 4.9% this week. Opus One traded actively across vintages, while Continuum 2019 was the top traded individual wine by value.
Breakdown of buyer geography
US buyers’ share of purchased value remained low at 12.4%, concentrated in Burgundy, Bordeaux and Tuscany.
Though down on a particularly strong close last week at 23.4%, Asian buyers have continued to hold their share of buying relatively high at 15.0%. Chateau Mouton Rothschild was their top traded brand by value, with the usual frontrunner – Lafite – seeing no buying from this segment.
UK buyers took a 42.9% share, accounting for over half of Burgundy and Champagne purchasing.
What were the week’s top traded wines?
Cristal 2006 was the top traded wine of the week, changing hands in decent volumes. Its price index is now resting on its long term trendline, coinciding with its Lower Bollinger Band and 2018 high. Together, these levels form a critical support zone. Trading increasingly frequently since the start of the year, it appears likely that this level will hold.
Petrus 2000, the second top traded wine of the week, has similarly reached a support zone – its 2018 and 2020 lows around the £43,000 per 12×75 mark.
Liv-ex trades of Petrus 2000
Top traded wines by volume
Giacomo Conterno, Barolo Francia 2018 appeared amongst the top the traded wines of the week by both value and volume. This week saw trade at £1,400 per 12×75, with a double magnum garnering a 34.1% premium (£626 per 1x300cl).
Liv-ex trades of Giacomo Conterno, Barolo Francia 2018
Weekly intelligence recap
This week, Liv-ex members were sent a comparative analysis of the Grand Marques by scores and vintages. With the Bordeaux trade at Vin Expo, this week marked a pause in the 2024 En Primeur campaign, with only Trotanoy and Brane-Cantenac released. All members can review our coverage of the campaign so far here.
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.
