Author: Grace Geldard
What Happened In Fine Wine This Week: Burgundy took the lead in fine wine this week, and US buying grows
Burgundy has taken the lead, moving ahead of Bordeaux to become the largest contributor by value, accounting for 29.3% of the market
Burgundy has taken the lead, moving ahead of Bordeaux to become the largest contributor by value, accounting for 29.3% of the market. What’s driving that shift is not just demand for established names, but the growing liquidity in the latest available vintages. The 2023s alone make up around 40% of Burgundy’s traded value – a signal that buyers are actively deploying capital earlier in the wine’s lifecycle than in previous cycles.
For merchants, this is a notable change. Burgundy is not just trading strongly at the top end; it is becoming a more dynamic, two-speed market where both emerging and established wines are finding buyers.
Bordeaux remains resilient, but increasingly selective
Bordeaux still holds a significant share of the market, with 26.4% of traded value. But the nature of demand is evolving.
Rather than broad-based trading, activity is concentrating around mature, highly regarded vintages. First Growths from 2010 and 2005 are leading the way, with names such as Château Latour and Château Haut-Brion underpinning liquidity.
One example highlights this shift clearly: Château Latour 2016 was the most traded wine by value, yet it changed hands below its original release price.
Champagne and Italy: quiet gains, but strategic importance
Elsewhere, Champagne is seeing a meaningful uptick, rising to 16.7% of traded value, well above its recent averages. Leading houses such as Dom Pérignon and Krug continue to dominate activity.
In Italy, the picture is more mixed. Tuscany remains a key contributor, even as its share fluctuates, with producers like Poggio di Sotto continuing to draw attention. Piedmont also delivered a strong week, with top names such as Gaja and Bruno Giacosa attracting consistent demand.
Taken together, these regions highlight an important dynamic: buyers are maintaining diversified portfolios, but are highly targeted in where they deploy capital.
A more global market led by US demand
Perhaps the most striking development is geographic. US buyers accounted for 35% of traded value – the only group to increase their share week-on-week.
Access the full insight for a detailed breakdown of weekly trade, pricing movements and buyer activity by becoming a Liv-ex member.
Copyright © 2026 Liv-ex Ltd. All rights reserved.
Author: Grace Geldard
Accounts Assistant
Location: Southwark, London SE1
(mainly office based)
Competitive salary plus company performance-related bonus, study support, private healthcare and wellbeing benefits
About Us
Liv-ex is the global marketplace for the wine trade, with over 500 members worldwide. We offer B2B services that span trading, data, logistics and technology to a diverse group of wine businesses – from ambitious start-ups to established merchants.
Our goal is to make fine wine trading more transparent, efficient and safe for the benefit of our members and the market as a whole. We are hard-working, committed yet informal, energetic and action oriented.
Founded in 2000, Liv-ex has grown to serve a growing number of merchant members with a broadening range of services. We help clients and other stakeholders to better understand the fine wine market and identify opportunities to profit.
Summary Purpose
Liv-ex is seeking a motivated and detail-oriented Accounts Assistant to join our Finance team and support the day-to-day financial operations of the business.
This role is ideal for someone with at least 1 year of experience in a finance or accounting role who is looking to broaden their experience across management accounting, accounts payable, accounts receivable, reconciliations and financial controls within a fast-paced commercial environment.
The successful candidate will have a proactive attitude, strong attention to detail and a willingness to improve processes and systems as the business continues to grow. Study support may be available for the right candidate pursuing a professional accounting qualification (AAT, ACCA or ACA)
Responsibilities:
- Ownership of the weekly payment run, ensuring supplier payments are processed accurately and on time
- Respond to customer and supplier finance queries relating to invoices, payments, reconciliations and account balances, ensuring agreed SLAs are met
- Perform daily and monthly reconciliations across bank accounts, credit cards, expenses and customer accounts
- Support accounts receivable activities, including ownership of credit control and proactive chasing of overdue balances
- Identify and escalate financial or credit risks to the Finance team in a timely manner
- Prepare monthly balance sheet reconciliations and investigate any variances
- Assist with month-end close processes and preparation of monthly management accounts
- Assist with the preparation of annual statutory accounts, audits and tax-related filings
- Maintain accurate financial records and ensure strong financial controls and audit trails are in place
- Proactively identify opportunities to improve finance processes, reporting and systems, particularly within AP, AR and month-end workflows
- Support wider business projects and finance-related operational initiatives where required
Knowledge, Skills & Experience
- Minimum 1 year of experience in a Finance Assistant, Accounts Assistant or Assistant Accountant role
- Fluent in French language (written and spoken)
- Good understanding of accounting and bookkeeping principles
- Strong numerical and analytical skills with good attention to detail
- Advanced Excel skills, including formulas, reconciliations and data manipulation
- Excellent organisational and time management skills, with the ability to prioritise workload and meet deadlines
- Confident communicating directly with customers and resolving finance-related queries over phone, video calls and email professionally and efficiently
- Comfortable working in a fast-paced environment and managing multiple priorities
- Proactive approach to problem solving with the confidence to take ownership of tasks
Nice to have
- Degree in Finance, Accounting, Economics or a related subject
- Experience using Sage 200
- Experience using HubSpot
- Experience working in a multi-currency or international business
Attributes
- Self-motivated, reliable and keen to develop
- Comfortable working at pace in a fast-moving environment
- Takes ownership and accountability for work
- Strong interpersonal and communication skills
- Interest in improving processes and systems
- Proactive and solutions-oriented mindset
- Service-focused with strong attention to detail
- Builds effective working relationships internally and externally
Author: Grace Geldard
Rising value, shifting demand: US wines on the secondary market
The latest Liv-ex market update highlights a more structural – shift: the growing prominence of US wines within the secondary market itself.
Rising value, shifting demand: US wines on the secondary market
Much of the past year’s commentary has focused on how tariffs have shaped US demand for European wines. However, the latest Liv-ex market update highlights a different – and more structural – shift: the growing prominence of US wines within the secondary market itself.
Data from Liv-ex shows that buyers are allocating a greater share of their spend to US wines than at any point over the past decade. While these wines accounted for less than 1% of trade on the platform ten years ago, they now represent more than 8%. For producers – particularly those in Napa Valley – this marks a meaningful change in how their wines are valued and traded internationally.
Liv-ex is the exchange for fine wine, market data and insight, providing a unique lens on secondary market behaviour. Crucially, wines listed on the platform must demonstrate resale value, meaning this growth reflects rising confidence in the investment and collectability credentials of US fine wine, rather than primary market supply.
The increase is overwhelmingly driven by Californian wines. While there is some representation from Oregon and Washington, activity remains concentrated in Napa and its leading producers.
The below graph compares the value of US wines traded (bought) on the platform, versus the volume. It shows that the value has increased more sharply than the volume. Demonstrating that people aren’t simply buying more (volume), they are spending more on US wines.
It’s also not the case that US wines are getting more expensive – Liv-ex tracks the price performance of the 50 most traded California wines. This data shows that buyers are opting for more expensive wines. This is thanks, in no small part, to Screaming Eagle, which makes up an increasingly high proportion of US wine trade.
Who is buying US wines?
The geographic profile of demand has also evolved. Prior to 2015, UK buyers dominated the secondary market for US wines. Since then, their share has declined as participation from European and Asian buyers has expanded.
“US buyers’ purchasing of US wines is notable. We might imagine that for US buyers it would be cheaper to acquire wine domestically. For those without initial allocations, this appears not to be entirely the case. US buyers’ increasing share of purchasing prior to tariff impositions is not the sole contributor to their increased share. Rather, since the start of 2023, the percentage of their total purchasing allocated to US wine has been steadily rising.’’ – Sophia Gilmour, Market Analyst, Liv-ex
This suggests a broader, demand-led shift rather than a short-term reaction to policy changes.
Conclusion
The growing share of US wines on the secondary market reflects a structural evolution. Increased participation from international buyers, combined with a clear tilt towards higher-value bottles, indicates that US fine wine is consolidating its position within the global fine wine market.
While activity remains concentrated among a relatively small group of benchmark producers, the direction of travel is clear: US wines are no longer marginal on the secondary market. Instead, they are becoming an increasingly established component of global fine wine portfolios.
About Liv-ex
Founded in 2000, Liv-ex is the global exchange for the fine wine trade, providing market data and insight. Headquartered in the UK with operations in France and Belgium, Liv-ex connects more than 550 businesses across 42 countries through its trading platform.
Author: Grace Geldard
What Happened In Fine Wine This Week: Burgundy and Bordeaux go head-to-head supported by strong demand for First Growths
Chateau Margaux 2015, Domaine Leroy, Vosne-Romanee, Aux Genaivrieres 2017 and Carruades de Lafite 2022 were the top traded wines by value.
After a quieter week, activity on the fine wine exchange picked up, with all major buying geographies increasing their participation. Exchange data shows that Chateau Margaux 2015, Domaine Leroy Vosne‑Romanée Aux Genaivrières 2017 and Carruades de Lafite 2022 were among the top traded wines by value, with Bordeaux and Burgundy each accounting for around a third of total traded value.
Bordeaux holds a narrow lead
Bordeaux edged ahead with a 32.0% share of traded value, supported by strong demand for First Growths. Chateau Margaux and Chateau Lafite dominated activity, together accounting for over a third of the region’s trade. Haut-Brion and Mouton Rothschild also contributed meaningfully, although at lower volumes.
At a wine level, Chateau Margaux 2015 stood out as one of the most actively traded labels.
Burgundy keeps pace as top producers gain ground
Burgundy followed closely with a 31.5% share, with 2023 vintages leading both value and volume. Trading was concentrated among a small group of highly sought-after producers, including Domaine Leroy, Coche-Dury and Jean-Claude Ramonet, which moved ahead of Domaine de la Romanée-Conti in terms of activity this week.
Champagne gains momentum
Champagne saw a notable increase in share, rising from 9.5% to 11.3% week-on-week. Dom Perignon accounted for a significant proportion of this activity, with its P2 2008 emerging as the top-traded wine by value. Prices around £4,200 per case indicate continued demand for prestige cuvées.
Italy and the US take a step back
In contrast, Italian regions lost ground. Tuscany’s share fell sharply, while Piedmont also declined, suggesting a shift in buyer attention rather than a drop in liquidity. That said, key brands such as Tignanello and Sassicaia remained active, accounting for around a third of Italian trade.
US wines held steady at 5.7% of the market. Screaming Eagle led the region by value, with its 2021 Sauvignon Blanc among the most traded wines overall.
UK buyers return to the market
One of the more notable shifts this week was the resurgence of UK buyers, alongside increased participation from other key geographies. After a subdued period, this broad-based uptick suggests improving confidence and renewed engagement across the fine wine market.
Access the full insight for a detailed breakdown of weekly trade, pricing movements and buyer activity by becoming a Liv-ex member.
Copyright © 2026 Liv-ex Ltd. All rights reserved.
Copyright © 2026 Liv-ex Ltd. All rights reserved.
Author: Grace Geldard
What Happened In Fine Wine This Week: Trade levels up after Vinexpo, focus on high value Burgundy and Bordeaux
UK buyers almost doubled their purchasing, efforts focused largely on high value Burgundy. Read ‘What Happened In Fine Wine This Week’.
The latest Talking Trade is now live!
- Bordeaux led the market, claiming a third of traded value.
- Lafite 2020, Domaine d’Auvenay 2009 and Sassicaia 2023 were the top-traded wines by value. Three vintages of Vieux Telegraphe La Crau featured amongst the top five by volume.
- UK buyers almost doubled their purchasing, efforts focused largely on high value Burgundy.
Bordeaux led the market with a 33.3% share of traded value. The 2018, 2019 and 2020 vintages – which have frequently stood out as value picks relative to new releases — traded most frequently. Chateau Lafite Rothschild, Petrus and Chateau Mouton Rothschild dominated, together accounting for 40% of the region’s traded value.
Burgundy followed in second place, its share rising from 22.1% last week to 25.6% this week. Domaine de la Romanee-Conti and Domaine d’Auveny led, the former’s 2009 Richebourg and latter’s Bonnes Mares 2009 featuring amongst the top five wines overall.
Champagne’s share fell from 11.6% last week to 8.9% this week. US buyers accounted for 50% of the region’s traded value, focusing their efforts on Dom Perignon, Salon and Comtes de Champagne.
Tuscany’s share fell from 13.2% to 8.6%. Super Tuscans dominated, Sassicaia, Ornellaia and Soldera accounting for over 60% of the region’s trade.
The Rhone had a strong week, claiming 6.8% of traded value. Vieux Telegraphe led, with three vintages of La Crau featuring amongst the top traded wines by volume.
Premium Market Intelligence members have access to the full ‘What Happened In Fine Wine This Week’ piece, providing high-frequency updates on the latest fine wine market trends to help them stay on top of market movements and respond early to emerging trends.
Copyright © 2026 Liv-ex Ltd. All rights reserved.
Author: Grace Geldard
White Wine Demand Surges: What Liv-ex Data Reveals About an Evolving Fine Wine Market
A significant shift in fine wine demand is underway, with sparkling wine trade rising by 1,100% since 2010 and red wine activity falling 15% since…
New data from Liv-ex, the exchange for fine wine, data and insight, shows a sustained surge in demand for white and sparkling wines, even as red wine
trade continues to lag.
Since 2010, the value of white wine traded on Liv-ex has increased by 650%, while sparkling wine trade has risen by 1,100% over the same period. While sparkling wines experienced a sharp boom (and subsequent bust) during the Covid-era bull market, recent data suggests that white wines, having experienced a less dramatic peak, have sustained high demand through the subsequent market downturn.
By contrast, red wine trade has remained relatively flat. In 2025, the total value of red wine traded on Liv-ex was 15.0% lower than in 2010,
underlining a structural shift in buying behaviour rather than a short-term anomaly.
A structural shift, not a seasonal trend
While red wine has traditionally dominated the secondary market, Liv-ex data indicates that buyers are increasingly diversifying where they choose to allocated their capital.
Any coverage referencing this information must attribute and link to Liv-ex White wine, in particular, has demonstrated resilience during recent periods of market uncertainty, maintaining more stable levels of trade value compared to both red and sparkling wines
Which white wines are driving growth?
The most significant growth in white wine trade has been seen in Burgundy, now firmly established as the leading white wine region on Liv-ex. This
growth has been driven by two complementary dynamics: increased trading volumes of lower-priced Burgundy whites and relative price stability at the top end of the market.
Since 2011, the value of Bordeaux white wine traded on Liv-ex has declined by 17.6%, allowing Burgundy to overtake Bordeaux as the dominant white wine category by value.
This shift reflects changing buyer preferences as well as the increasing importance of data-led decision making in the fine wine market. As White Burgundy’s prices and liquidity have surged, buyers have moved away from Bordeaux.
Data-driven insight for a changing market
As the fine wine market adjusts to a more selective buying environment, access to accurate, timely and unbiased data is becoming increasingly critical. Liv-ex analysis highlights how demand patterns are evolving across categories and regions, providing the trade with objective insight into where activity and value are sustained over time.
About Liv-ex
Liv-ex is the exchange for fine wine, market data and insight. They offer a membership that brings wine professionals independent market data and insights, and the ability to price, buy and sell wines through one point of contact.
Liv-ex offers automation services that enable fine wine businesses to streamline buying and selling, and gain operational efficiencies, including the ability to bring critics scores directly into their own systems.
Author: Grace Geldard
This week in wine: Opus One leads as US buying share rises to 30%
Two vintages of Opus One featured amongst the top wines by traded value. Both the 2019 & 2013 have seen their trade prices rise in…
The latest Talking Trade is now live!
- Bordeaux narrowly maintained its lead of the market; Tuscany moved ahead of Champagne into third place.
- Two vintages of Opus One featured amongst the top wines by traded value. Both the 2019 and 2013 have seen their trade prices rise in recent months, increasingly frequent trade backing their new found upward trends.
- US and EU buyers both upped their purchasing by c.10% while, with Vinexpo taking place in Hong Kong this week, UK and Asian buyers took a backseat.
Though its share of traded value fell to 26.7%, Bordeaux continued to lead the market. Pauillac and Pomerol led, with Le Pin and Mouton Rothschild the top-traded wines by value.
Burgundy followed in second place, taking a 22.1% share of traded value. Though Domaine Louis Latour’s Corton-Charlemagne 2023 was the top-traded wine overall, Domaine de la Romanee-Conti prevailed as the top producer, accounting for c.20%. of the region’s traded value.
Tuscany overtook Champagne to claim third place with a 13.2% share of traded value. Brunello di Montalcino has traded actively in May, but yielded this week to the Super Tuscans, Tignanello, Soldera Case Basse and Sassicaia the top-traded wines.
Champagne’s share fell to 11.1%, though the likes of Dom Perignon and Krug continued to trade actively.
The US had a strong week, taking a 10.7% share of traded value. Opus One and Screaming Eagle led, together accounting for 60% of the region’s traded value. European members took the lion’s share, with buyers in France, Germany, Switzerland and the Netherlands.
Copyright © 2026 Liv-ex Ltd. All rights reserved.
Author: Grace Geldard
Liv-ex En Primeur Opening Report 2025
The Liv-ex En Primeur Opening Report examines the current state of the Bordeaux market and provides insight into the Bordeaux En Primeur campaign.
The Liv-ex En Primeur Opening Report examines the current state of the Bordeaux market and provides insight into the Bordeaux En Primeur campaign.
The topics covered in the report:
- The fine wine market today: After three successive years of declines, the market is showing signs of stability
- The Bordeaux 500: This index appears to be entering a period of sideways movement
- Bordeaux’s share of the market: Bordeaux remains the most important region on the secondary market
- Who’s buying (or not buying) Bordeaux: Wine-Searcher data shows a recent increase in US searches for Bordeaux.
- What happened to the 2024’s: . The 2024 was such a unicorn and yet it remains readily available.
- Other factors affecting Bordeaux: Tariffs & foreign exchange rates…
Liv-ex is the exchange for fine wine, market data and insight. Membership brings wine professionals independent market data and insights and the ability to price, buy and sell wines through one point of contact.
Download the Report
Author: Grace Geldard
Liv‑ex publie son Livre Bordeaux En Primeur qui é les conditions de marché à l’approche des sorties 2025
Ce rapport analyse le contexte du marché des Primeurs à l’approche de la campagne.
Liv‑ex publie son Livre Bordeaux En Primeur qui é les conditions de marché à l’approche des sorties 2025
Londres, avril 2026 – Liv‑ex, la bourse mondiale des vins fins et des données de marché, publie la nouvelle édition de son Livre Bordeaux En Primeur. Ce rapport analyse le contexte du marché des Primeurs à l’approche de la campagne. S’appuyant sur vingt‑six ans de données de prix et de transactions, l’analyse examine l’impact des prix post‑sortie passés, les premiers signes de stabilisation sur le marché secondaire, ainsi que les risques liés à la fixation des prix auxquels les châteaux sont confrontés avant les mises en marché.
Sophia Gilmour, analyste de marché, apporte son expertise:
”Il y aura la tentation d’agir trop tôt, en augmentant les prix avant que le marché ne soit prêt à les absorber. Les rapports officiels sur le millésime 2025, notamment sur la saison de croissance et les rendements, n’ont pas encore été publiés, mais nous savons avec certitude que les volumes sont en baisse en raison du stress hydrique. Cela placera les châteaux dans une position délicate. Non seulement ils seront tentés d’augmenter les prix en s’appuyant sur des notes qui seront probablement élevées, mais leur coût unitaire aura également été important.”
Bordeaux représente 40 % du marché secondaire en volume.
Bordeaux est la région la plus importante sur le marché secondaire, représentant 35 % de la valeur échangée et surperformant systématiquement les autres régions. Au début des années 2000, une part de 80 % de la valeur hebdomadaire échangée était courante. Aujourd’hui, Bordeaux fait la une lorsque sa part hebdomadaire atteint environ 40 %.
Les achats américains de Bordeaux progressent lentement
Au cours des six derniers mois, les achats de Bordeaux par les acheteurs américains ont légèrement augmenté, ces derniers recentrant leurs dépenses sur la région. Néanmoins, les niveaux d’achat de Bordeaux, toutes régions confondues, restent inférieurs à ceux enregistrés en mars 2025.
Le Bordeaux 500 sort de sa zone de survente
Une phase de consolidation a suivi pour Bordeaux, avec une évolution des prix modérée contribuant à renforcer la confiance du marché. À mesure que le Bordeaux 500 sort de sa zone de survente technique, la stabilité des prix devrait l’emporter sur des hausses rapides.