The Rhône enjoyed a strong week of activity while ‘on’ vintage Bordeaux and DRC claimed the top-traded wines by value.
- The Rhône, Burgundy and Piedmont increased their share of trade this week.
- Domaine de la Romanée-Conti, Romanée-Conti 2010 is this week’s most traded wine by value.
- Château Haut-Brion 2010 and Château Lafite Rothschild 2009 are still trading below their release price.
Regional trade this week
The Rhône enjoyed a strong week of trading activity, taking 7.1% of the total market, well above its October level (5.1%). As recently examined, the current level of firm commitments to buy and sell on the Exchange shows positive market sentiment towards the region’s wines.
Châteauneuf-du-Pape is the leading appellation, accounting for 43% of Rhône trade, with Domaine de la Janasse, Domaine du Pegau and Château Rayas seeing the highest level of demand.
Burgundy also made gains this week, its share rising from 17.8% to 22%. Piedmont’s share doubled, from 4.5% to 8.7%, and surpassed Tuscany’s (5.6%).
Most traded wines this week
Although Bordeaux’s trade share dipped, three of the most active wines this week came from the region. Two vintages of Domaine de la Romanée-Conti, Romanée-Conti also found buyers, the 2010 and 2015.
Prices for Château Haut-Brion 2010 and Château Lafite Rothschild 2009 have been rising in the past year, however, the wines are still trading below their release levels.
*made using the Liv-ex charting tool
A recap of weekly insights
The November Market report will be published exclusively for members later today. It includes a summary of Jane Anson’s top-scoring Bordeaux 2018 wines, an overview of the 2011 vintage in Bordeaux 10 years on, and the best performing wines from Burgundy in October.
Earlier this week, members received updates on the most traded white Burgundies, the increased demand for wines from the Rhône, and Antonio Galloni’s top-scoring Barolos.
The Liv-ex indices’ closing levels were also published this week. Both the Liv-ex 100 and the Liv-ex 1000 have reached new heights, driven by strong performances from Burgundy and Champagne.
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 530+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £80m of bids and offers across 16,000 wines. Independent data, direct from the market.
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