- Bordeaux, the Rhône and the USA increased their weekly share of trade.
- Châteauneuf-du-Pape’s Château Rayas 2007 was this week’s most traded wine.
- Weekly insights included En Primeur releases and critic scores coverage, and the publication of the May Market Report.
Regional trade share this week
Bordeaux, the Rhône and the USA enjoyed increased trading activity this week. Trade within Bordeaux was led by its 2004, 2006 and 2019 vintages. The Rhône was lifted by Châteauneuf-du-Pape, which accounted for 66.2% of the region’s trade.
Meanwhile, Burgundy, Champagne, Italy and the ‘others’ saw their market share dip from last week. Trade for the ‘others’ (5.0%) was dominated by Australia (1.8%), Spain (0.5%) and New Zealand (0.4%).
This week’s top traded
Châteauneuf-du-Pape’s Château Rayas 2007 led this week’s trade (by value). Back in 2012, Robert Parker (Wine Advocate) called it ‘a spectacular Rayas, the likes of which hasn’t existed at this qualitative level since 1995’. The wine last traded at £21,830 per 12×75, just 3.2% below the record trading high it set earlier this year.
The 100-point (Antonio Galloni) Screaming Eagle Cabernet Sauvignon 2019 was the second most-traded, with a last trade price of £36,480. Another wine from California, Harlan Estate 2018, also made it into the top five.
Château Lafite Rothschild led trade within Bordeaux, with its 2006 vintage. Other active vintages were 1995 and 2001.
Weekly recap
The 2021 Bordeaux En Primeur campaign started to unfold this week, with releases from Château Duhart-Milon and Château Cantemerle. More critics released their vintage reports such as Antonio Galloni and Neal Martin at Vinous, Jane Anson and James Suckling.
The results of our annual En Primeur survey have also been published. The survey provides an insight into the international trade’s assessment of the vintage, their favourite wines, and their release price expectations.
Apart from our En Primeur coverage, we looked at the broadening French market, Burgundy’s biggest risers and the wines leading trade from the Rest of the World.
The Liv-ex May Market Report was published for members at the beginning of the week.
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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