- Bordeaux, Champagne and the USA increased their weekly share of trade.
- Screaming Eagle Cabernet Sauvignon 2019 was the most traded wine by value.
- Weekly insights included The Wine Advocate’s Bordeaux 2019 in-bottle scores, Guigal’s best-performing Côte-Rôtie label, and the publication of our Q1 report.
Regional trade this week
It has been a short and calm week for trade, with Vinitaly, school Easter holidays and early tastings in Bordeaux taking precedence.
Bordeaux (30.0%), Champagne (14.1%) and the USA (15.5%) improved their weekly share. Bordeaux trade by both volume and value was led by the 2019 vintage, which was also the focus of critical reports. Both William Kelley (The Wine Advocate) and Jeb Dunnuck released their in-bottle scores this week. Kelley awarded five wines 100-points, while Dunnuck gave seven a perfect score.
The USA more than doubled its share of trade on last week, again led by its 2019 vintage. Screaming Eagle and Dominus were the leading labels.
Burgundy experienced the most significant dip in activity, as its share fell from 28.3% to 18.8%. Still, the region has taken 24.8% of the market by value year-to-date – a record high.
This week’s most traded
Since the start of the year, Screaming Eagle has regularly topped the week’s most traded list with different wines and vintages. The 2019 Cabernet Sauvignon, which led trade this week, had previously enjoyed the top spot ahead of the Super Bowl.
Antonio Galloni (Vinous) awarded the wine 100-points, remarking that ‘because of its price, both on release and in the secondary market, Screaming Eagle is the most talked about wine in Napa Valley’. Last week, the 2006 Cabernet Sauvignon traded at an all-time high. Meanwhile, Screaming Eagle’s 2018 Sauvignon Blanc was among the most active wines this quarter.
Another wine that has enjoyed consistent level of demand this year has been Louis Roederer’s Cristal. This week, its 2009 vintage was the most traded.
The First Growths Château Latour 1990 and Château Lafite Rothschild 2019 also found their way into the top five. The latter received 100-points from William Kelley in The Wine Advocate’s latest report on Bordeaux 2019 in-bottle. The wine had previously been given a barrel range on 97-99 points by former editor Lisa Perrotti-Brown MW.
Weekly recap
This week, we released report on the fine wine market in Q1. The report is available to all. It examines how global events have affected fine wine prices, as well as the most popular regions and wines.
Liv-ex members also received updates on Guigal’s best-performing Côte-Rôtie label and a comparison of the top wines of Bordeaux, California and Tuscany.
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 575+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 16,000 wines. Independent data, direct from the market.
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