Yesterday’s trading activity
There was an emphasis on older vintages in yesterday’s trading. Chief among them was a case of Château Mouton Rothschild 1982 (£13,896 per 12×75). It hasn’t moved much in price over the last decade, in 2011 a case traded for £13,450.
Other wines from the 1980s generating activity included Jean-Claude Ramonet, Montrachet Grand Cru 1986 and Bollinger RD 1985.
Rising volumes of Californian wine traded
*made with the Liv-ex Charting Tool
However, away from older French wines there was also activity around California. Cases of Kongsgaard’s Kings Farm Red 2018 (£700 per 12×75) and Ridge’s Santa Cruz Mountains Estate Cabernet Sauvignon 2018 (£530 per 12×75) both found the bid – the Kongsgaard a little under its Market Price.
Although neither wine is their parent estate’s top label, it reflects a trend of broadening trade in the California market. So far this year 154 Californian wines (measured as LWIN7s) have traded in the secondary market, versus 145 from January to June 2021.
California has taken a 7.3% share of total trade by value in the first sixth months of 2022 – on a par with the same period in 2021. Screaming Eagle’s 2019 vintage has been the third most-traded wine by value in the first half of 2022.
The California 50 has been one of the best-performing wine indices year-to-date, up 7.5% and trailing only the Liv-ex Fine Wine 1000 which is up 10.3%.
However, it is the best-performing index over the last one year (see chart above), up 26.1%, and driven by the rising value of wines such as Ridge Monte Bello 2011, Harlan Estate 2009 and 2011 and the 2010 and 2011 vintages of Screaming Eagle.
Go to the marketplace for all Californian LIVE offers.
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.
