Dominus 2018 was the most active wine by value this week, pushing the USA’s share of the secondary market to a new high.
- Wine Spectator’s ‘Wine of the Year’ leads this week’s most traded wines.
- Salon 2012 sees continued activity before its official UK release.
- The US, Tuscany and the Rhône increased their share of trade.
This week’s most traded wines
Dominus 2018 has enjoyed increased activity on the secondary market after Wine Spectator named it ‘Wine of the Year’. The increased demand following the announcement, led it to become the most traded wine by value this week, while also setting new pricing records. The wine last traded at £3,536 per 12×75.
Another wine that has caught the attention of the trade recently has been Salon 2012, even though it has not been released in every market yet. Nonetheless, the Champagne featured in the top five most active wines by value for the second week in a row, having last traded at £10,428 per case.
As recently highlighted, the 2012 has been the leading Champagne vintage by both value and volume this year.
Salon 2012 trades on Liv-ex before UK release
*Market Price missing as the wine is not released globally
The best performing of the 2018 First Growths, Château Lafite Rothschild, also featured in this week’s top traded wines. Its last trade price of £7,980 per 12×75 is 33.0% higher than it was on release.
Lafite Rothschild 2018 trades on Liv-ex
Regional trade share this week
The critical praise for Dominus 2018 stimulated demand for other vintages from the producer and drew attention to Californian wine more generally. This pushed the USA’s weekly trade to 11.8% of total trade.
Californian wines have also provided better returns than Bordeaux and Italy so far this year, as measured by the performance of the California 50 index.
Meanwhile, Bordeaux regained some ground from last week, led by its 2018 and 2016 vintages, which featured in this week’s most traded wines.
This week, we also looked at the trade share split within buying regions. Yesterday’s article looked at the different buying patterns of the UK, US, European and Asian markets in 2021, revealing an intriguing breakdown in what is trading where.
*click to enlarge
The 2021 Power 100
Our annual ranking of the most powerful fine wine brands has been published.
This year’s report provides an insight into the prevailing market conditions influencing buying trends. We analyse the return to blue-chip buying, Burgundy’s comeback as a market force, and the factors behind Champagne, Tuscany and Piedmont’s continued strong performance.
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