- Burgundy accounted for 51% of total trade this week.
- The top traded wines this week – DRC Romanée-Conti 1995 and Armand Rousseau Chambertin Grand Cru 1999 – contributed to this high level.
- Weekly insights included analysis on Figeac and Canon’s market performance and rising demand for ‘on’ vintage Bordeaux.
Regional trade this week
For the first time in the history of the secondary market, Burgundy accounted for more than half the week’s trade. So far, only Bordeaux has ever held a weekly share above 50%. Trade of high value wines from Domaine de la Romanée-Conti and Armand Rousseau contributed to this result.
With Burgundy accounting for such a high proportion of trade, the shares of other regions largely declined. Bordeaux fell to 20.9%, with trade by value centering around its 2015 and 2010 vintages. Champagne took 13.9%, led by its 2008 vintage.
Trade for the ‘others’ (3.2%) was dominated by Germany (0.7%) and Spain (0.6%).
This week’s top traded
Apart from Burgundy’s top domains, Champagne was once again in vogue, with Dom Pérignon 2008 and Louis Roederer Cristal 2008 continuing to enjoy high demand.
Château Margaux 2015, which boasts 100-points from James Suckling and Jeb Dunnuck, also made it into this week’s top traded. The wine last changed hands 1.4% below its current Market Price (£11,800 per 12×75), but 173.6% above its release (£4,250).
Weekly recap
This week we looked at the secondary market performance of Château Figeac and Château Canon, which are potential candidates for promotion to Premier Grand Cru Classé A in the upcoming revision of the 2012 Saint-Émilion classification.
Liv-ex members received further analysis on the rising demand for ‘on’ vintage Bordeaux, the market for regional French wines and the estates leading weekend trade.
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 600 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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