- Bordeaux led the market, followed by Burgundy, Champagne and the USA.
- The Bordeaux 2022s took the spotlight, with Haut-Brion and Lafite the week’s top traded wines.
- This week, Liv-ex members on Advanced level packages were sent a Market Update entitled ‘Is the end in sight?’, a deep dive into the possible indicators of market recovery. A Financial Times article featuring Liv-ex founders James Miles and Justin Gibbs on fine wine price movements and current demand is available for all to read here.
Bordeaux remains in the lead of the market, taking 37.1% of traded value this week. The 2022s are beginning to trade actively, in most cases well below their release prices. This week has also seen marked interest in mature, renowned vintages – the 2000s and 2009s in particular.
Burgundy’s share of trade fell from 23.2% last week to 20.0% this week.
The USA took 9.3% of traded value, up from its close last week with 5.5%. Screaming Eagle was the region’s top traded wine, accounting for just over a third of traded value. Sine Qua Non and Promontory followed in second and third place, taking c.11% each.
Champagne’s share of trade increased from 9.7% last week to 12.6% this week, thanks largely to Salon (24.9% of the region’s traded value).
Tuscany and Piedmont both made slight gains, driven by high volume trades. While Sassicaia and Tignanello generally claim the top spots amongst Italy’s top traded wines, they took a back seat this week, surpassed by Tua Rita’s Redigaffi, Giacomo Conterno’s Monfortino Riserva, Solaia and Biondi-Santi Brunello.
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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.
