- Bordeaux led the market with a 38% share of traded value, followed by the US, Champagne and Burgundy.
- Screaming Eagle 2022, Jacques Selosse 2012 and Krug 1995 were the top-traded wines by value.
- This week, Liv-ex members on advanced+ level packages were sent an analysis of the 2021 Bordeaux vintage’s price performance, and what that may mean for the 2022s as they begin to trade. An update on the performance of Liv-ex’s major indices in June was also published and is available to all members.
Bordeaux took a strong lead of the market this week, closing with a 38.0% share of traded value. The 2005 was the top-traded vintage by value, and by volume, the 2016 and 2019.
The USA had its strongest week in recent memory, placing second with a 17.8% share of traded value. Screaming Eagle’s Oakville Cabernet Sauvignon led the charge, accounting for over 65% of the region’s trade, with buyers located in the UK, Europe and Asia. Harlan Estate took second place, followed by Sine Qua Non’s Eleven Confessions.
Burgundy’s share of trade – which has held steady around c.25% over the past few months – dropped down to 12.3%. Macon (buoyed by high volume trades), Puligny-Montrachet and Chablis were the top-traded sub-regions.
Following a succession of weak closes, Champagne’s standing in the market improved this week, moving into third place with a 14.5% share of traded value. Higher value Champagnes took the lead, with Jacques Selosse 2012 and magnum format Krug 1995 featuring amongst the week’s top-traded wines by value.
Spain also saw its share of the market increase, albeit modestly, from 2.3% last week to 3.5% this week. Vega Sicilia was by far the top traded producer, with Valbuena 5.° and Toro Pintia taking a larger share of traded value than their flagship, Unico.
Breakdown of buyer geography
US and Asian buyers levelled out this week, both taking a c.18% share of traded value, with an equal number of active buyers. With tariff announcements set to take place next week (though it is unclear whether results will be final) it is possible that US buyers are taking the final opportunity at 10% to move stock into the US. Trades were largely comprised of high value, low volume Bordeaux, Burgundy and Champagne.
What were the week’s top traded wines?
Screaming Eagle, Oakville Cabernet Sauvignon 2022 was the top-traded wine of the week, changing hands several times at £18,000 per 12×75. It first traded in January this year (ahead of its physical release) around £23,000 per 12×75. This week’s trades mark a 21.7% price decline. Demand has picked up substantially at this level, however, indicating that prices may now have corrected sufficiently.
Liv-ex trades of Screaming Eagle, Oakville Cabernet Sauvignon 2022
Krug 1995 came in third place, trading in magnum format at £5,300 per 12×75. The recent uptick in trade has coincided with a bounce from its long term trendline—a promising sign that it may hold as a support.
Liv-ex trades of Krug 1995
Lafite 2010 was the fifth top-traded wine by value. Released at £12,000 per 12×75 at a time when demand for Bordeaux appeared unlimited (and was very quickly withdrawn), its price has tumbled. It traded this week around 50% below its ex-London release price (£5,840-£6,100 per 12×75), with a case of magnums garnering no premium.
Liv-ex trades of Chateau Lafite Rothschild 2010
Top-traded wines by volume
Weekly intelligence recap
This week, Liv-ex members on advanced+ level packages were sent an analysis of the 2021 Bordeaux vintage’s price performance, and what that may mean for the 2022s as they begin to trade. An update on the performance of Liv-ex’s major indices in June was also published and is available to all members.
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.
