- Bordeaux led the market, followed by Burgundy, Spain and Tuscany
- Two vintages of Vega Sicilia Unico (the 2014 and 2015) featured amongst the week’s top traded wines by value.
- This week, liv-ex members on Advanced+ packages were sent a deep dive into the interaction between trade and Market Prices – why do trades track market price more closely in upward moving markets? Commemorating Liv-ex’s 25th anniversary, founder Justin Gibbs was interviewed by Wein.Plus. The full interview, a glimpse into Liv-ex’s past and the current state of the market, is available for all here.
August, peak holiday season for Europeans especially, generally brings weak trade levels. This week however, stood as one of the stronger of recent months. With stock needed and tariffs more certain at 15%, US buyers are making a cautious return, and those in the UK and EU remaining at their desks are trading actively – promising signs as we near September.
While Bordeaux continued to lead the market, its share of trade fell from 30.8% last week to 27.1% this week. The 2021 vintage was the region’s top-traded, with Pavie coming in as the second top-traded wine of the week by both value and volume.
Burgundy placed second with 21.0% share of traded value. The region’s trade was comprised mainly of low-volume, high-value transactions, with UK buyers accounting for 40.7% of purchased value.
Spain, thanks largely to Vega Sicilia (which alone accounted for c.10% of overall traded value), had a very strong week, pulling ahead into third place behind Bordeaux and Burgundy. The region took 15.0% of traded value, up from a close last week at 4.6% and 3.2% in July.
Piedmont had a relatively strong week, thanks to trades of Giacomo Conterno’s Monfortino Riserva and Gaja Barbaresco, closing with 6.9% of traded value.
While Champagne had a less impressive week, its share of trade falling to 9.8%, Jacques Selosse performed well, accounting for a quarter of the region’s trade.
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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.
