- Spain saw its highest share of traded wine value in recent memory, driven by Vega Sicilia, Unico.
- Bordeaux and Burgundy led the market, followed by Champagne and Tuscany.
- Both US and Asian buyers took a backseat this week, accounting for 12% and 10% of purchasing respectively.
- This week, Liv-ex members on advanced level packages were sent a Market Update on the Burgundy 150’s best buys (according to technical analysis and quality:price ratios). CEO James Miles’ takeaways from the recent Vine to Mind symposium are available for all here.
While maintaining its lead of the market, Bordeaux’s share of traded value fell from 34.8% last week to 27.9% this week. The 2022 vintage was the top-traded by value, led by Chateau Lafite Rothschild – now trading in decent volumes 7.0% below its ex-chateau release price (€ 480/btl, equivalent to c.£4950 per 12×75 at the time).
Liv-ex trades of Chateau Lafite Rothschild 2022
Burgundy followed close behind with a 26.0% share of traded value, up from a close at 21.2% last week. Domaine de la Romanee-Conti, Domaine Pierre Damoy and Domaine Leroy were the top-traded producers by value.
Spain has taken a backseat in recent months, but this week accounted for 7.8% of total traded value. While driven largely by Vega Sicilia, wines from Marques de Murrieta and La Rioja Alta also saw decent trade.
Though slightly down on last week’s close, Champagne’s share of trade (13.9%) remained above its June share of 10.3%. Cristal took centre stage, making up 40.9% of the region’s traded value.
Tuscany’s share of trade fell from 9.7% last week to 8.2% this week. Sassicaia 2020 and 2021 were the top-traded wines, San Guido accounting for just over a third of the region’s traded value.
Included in the ‘others’ section, Argentinian wines saw some demand this week, taking 1.7% of traded value with buyers in the UK, US and Europe.
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.
Independent data, direct from the market.
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