- Burgundy and Tuscany increased their trade share this week.
- Maison Leroy Pommard 2009 was the most traded wine by value, and Tignanello 2019 by volume.
- This week marked the last wave of Bordeaux 2021 En Primeur releases.
Regional trade share this week
Burgundy’s trade share set a new record high this week at 38.3%. The region surpassed its previous peak in January 2019, when 2017 Burgundies were being released En Primeur. Back then, trading activity was almost entirely led by Domaine de la Romanée-Conti Romanée-Conti, while today it is more diverse even at the high end. This can be seen in this week’s top five wines by value, which include Maison Leroy and Prieuré-Roch.
The only other region to improve this week was Tuscany, which increased its share from 6.1% to 8.0%. Its leading brands were Tignanello, Ornellaia and Sassicaia, and its most active vintages were the 2019 and 2018.
Bordeaux, Champagne, the Rhône, Piedmont, the USA and the ‘others’ all dipped from last week.
This week’s top traded
This week’s top traded revealed a predominantly Burgundian affair. Maison Leroy Pommard 2009 took the top spot, with a last trade price of £5,465 per 12×75.
Meanwhile, Prieuré-Roch Chambertin-Clos de Beze Grand Cru 2010 traded at an all-time high of £35,376 per case. Prices for Prieuré-Roch skyrocketed in 2018 and 2019, following the death of Henri-Frédéric Roch, owner of the domain and co-director of Domaine de la Romanée-Conti.
The only non-Burgundian wine in this week’s top five was the Super Tuscan Tignanello 2019. According to Antonio Galloni (Vinous), ‘this is the first vintage to incorporate some larger 500 litre barrels, an approach I think will work brilliantly’.
Weekly recap
This week saw the last wave of Bordeaux 2021 En Primeur releases, including the First Growths Château Haut-Brion, Château Margaux, and Château Mouton Rothschild.
We also published our interview with Neal Martin, who discussed the lower alcohols and Sauternes in Bordeaux 2021.
Stay tuned. Our closing remarks on the Bordeaux 2021 campaign will be published next 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 580+ 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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