- Champagne and Tuscany have continued to recover as US buyers begin to return to the market.
- Dom Pérignon 2013, Sassicaia 2022 and Château Lafite Rothschild 2016 were the week’s top-traded wines.
- Our coverage of 2024 En Primeur campaign continued this week with release analysis of Château Lafite Rothschild, Carruades de Lafite, Duhart-Milon, Gruaud Larose, Angelus and Suduiraut – now available to read for all members. Liv-ex members were also sent reports on Jane Anson and Antonio Galloni’s scores for the vintage.
Bordeaux’s share of traded value fell from 41.2% last week to 35.8% this week. Nevertheless, it remains the top-traded region by a good stretch. The 2016 and 2005 vintages were the top traded by value, though the 2019 and 2021 vintages traded in higher volumes.
Champagne and Tuscany, the regions worst affected by tariff uncertainty in March and April, have continued to recover this week, taking a 12.3% and 11.7% share of the market respectively. Both regions saw entrants into the top-traded wines of the week by value, with Dom Pérignon 2013 and Sassicaia 2022 in first and second place.
The US took a 5.3% share of traded value, down on last week’s close at 7.4%. US buyers accounted for over half of the region’s purchased value. Harlan, Stag’s Leap and Promontory were the top-traded producers.
Burgundy has held steady with a c.25% share of the market over the past month. Domaine de la Romanée-Conti was the top-traded producer, with several mature vintages changing hands in OWCs (relatively flat on early 2021 trade prices).
Breakdown of buyer geography
US buyers’ share of the market has climbed slowly since the announcement of the 90-day 10% tariff. While short on their 2024 average of 35.5%, they are back in the lead with 29.2%. This, however, has likely been driven up somewhat by the EU and UK trade focusing some of their efforts towards the En Primeur campaign.
Asian buyers have held their share high at 17.3%, flat on last week. While the majority of their purchasing was concentrated in Bordeaux and Burgundy, Champagne and US wines took 11.1% and 8.4% respectively.
Dom Pérignon 2013 was the week’s top-traded wine by value. Its price has fallen consistently since its release in January 2023 at £1,830. This week’s trades at £1,280 per 12×75 (31.2% below release price) marks the lowest-ever trade price for this wine. Despite this vintage coming at a discount to most others available on the market, we have yet to see strong evidence of price consolidation, though the bearish trend does appear to be losing some momentum.
Liv-ex trades of Dom Pérignon 2013
Château Lafite Rothschild 2016 saw a flurry of trade this week, with each successive trade marking the lowest-ever price (now set at £4,758 per 12×75). The release of the (Neal Martin) 95–97-point 2024 at £3,426 caused a positive stir amongst En Primeur followers this week, perhaps encouraging both buyers and sellers of Lafite to reconsider back-vintage pricing.
Market Prices and Neal Martin scores of Château Lafite Rothschild
Sassicaia 2022 came in second place, trading for the first time this week at £2,251 per 12×75 – down 10.0% on its release price (£2,500).
Top-traded wines by volume
As we approach the summer months, the first of the Provence roses are beginning to trade, with Domaine Tempier 2024 in first place by volume. Domaines Leflaive’s Macon Verze 2023 continues to trade actively in high volumes, its price ticking up slightly over the past week.
Weekly intelligence recap
Our coverage of 2024 En Primeur campaign continued this week with release analysis of Château Lafite Rothschild, Carruades de Lafite, Duhart-Milon, Gruaud Larose, Angelus, Suduiraut and Beausejour – now available to read for all members. Liv-ex members were also sent reports on Jane Anson and Antonio Galloni’s scores for the vintage.
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.
