- Bordeaux led the market, followed by Burgundy, Champagne and Tuscany.
- Two vintages of Sassicaia (the 2022 and 2017) featured alongside Giacomo Conterno, Barolo Monfortino Riserva 2019, Cristal 2014 and Opus One 2022 as the week’s top-traded wines.
- Both US and Asian buyers took a higher share of traded value than last week – 19% and 18% respectively.
- This week, Liv-ex members were sent two market updates: a deep dive into the Rhone 100’s price performance and investment potential of Chateau Rayas, and a look at the Left Bank 200’s most sought-after wines. An analysis of this week’s release of Cristal Rose 2015 was also
Bordeaux led the market, taking 32.5% of traded value. Though falling short of the overall top five, Mouton Rothschild 2010 was the region’s top wine by traded value, this week’s trades bouncing up from the 2020 low it reached in September.
Following a strong close last week, Burgundy’s share of traded value fell from 35.5% to 16.4%. Domaine de la Romanee-Conti was the top-traded producer, accounting for 20% of the region’s traded value.
Champagne followed close behind with 14.5%. Cristal 2014 featured amongst the week’s top-traded wines by both value and volume, leading Louis Roederer to a 28.7% share of the market. Jacques Selosse and Dom Perignon followed with c.10% each.
Tuscany reclaimed its foothold on the market, its share of traded value rising from 7.7% last week to 13.5% this week. Nevertheless, Sassicaia prevailed, coming in as by far the top-traded wine of the week overall.
Claiming 8.3% of traded value, Piedmont had its strongest week in recent memory, with healthy demand from the UK, Switzerland and the US. Giacomo Conterno, several cuvees and vintages trading, accounted for 45.6% of traded value.
The US took 6.1% of traded value, up from 4.3% last week. Opus One continues to dominate the market, demand driven by US buyers.
In the realm of spirits, a single bottle off Macallan, Highland Single Malt Genesis 72YO Lalique traded for £31,000 – almost half the price of its last trade in 2020 at £60,000.
Breakdown of buyer geography
Though EU and UK buyers continued to lead the market, both Asian and US buyers increased their share of traded value, taking 19.4% and 17.6% of traded value respectively. While US buyers traded more frequently and accounted for a slightly higher percentage of traded value, Asia boasted a higher number of active buyers. Their focus was split between Bordeaux (largely recent vintage Saint-Emilion) and back vintage Burgundy.
US buying was more diverse, with Tuscany, Burgundy, Bordeaux and the US each accounting for over 15% of their trade value.
What were the week’s top-traded wines?
Sassicaia 2022 was the top-traded wine of the week by value and second top-traded by volume, changing hands several times between £1,800 and £1,900 per 12×75. The 2017 vintage, though it received a cooler critical reception, saw its trades this week take place above £2,000.
Giacomo Conterno, Barolo Monfortino Riserva 2019 was the second top-traded wine by value, featuring amongst the top five for the second consecutive week. This week, it traded in both 75cl and 150cl format. While standard format trades took place at the same level as last week (£6,244 per 12×75), magnums were more volatile, trading between £5,910 and £6,666 per 6×150.
Liv-ex trades of Giacomo Conterno, Barolo Monfortino Riserva 2019
Cristal 2014 was the fifth top-traded wine by both value and volume. Trade prices appear to be consolidating around £1,600 per 12×75, higher trade volumes indicating that more buyers are seeing value at this level. The wine sells frequently at a premium at Hong Kong and US auctions but sells at lower prices in the UK.
Auctions and Liv-ex trades of Cristal 2014
N.B. auction prices (as shown above) generally include buyers’ premiums.
Top-traded wines by volume
Weekly intelligence recap
This week, Liv-ex members were sent two market updates: a deep dive into the Rhone 100’s price performance and investment potential of Chateau Rayas, and a look at the Left Bank 200’s most sought-after wines. An analysis of this week’s release of Cristal Rose 2015 was also published.
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.
