Recent trading activity
Bordeaux trading remained strong in the early part of the week. Château Margaux’s Pavillon Rouge 2016 took a lead among labels traded, alongside Château Palmer 2019, Château Lafleur 2019 and Château Léoville Las Cases 1996.
There was continued interest in Châteauneuf-du-Pape in the shape of Château Rayas 2010 and there was activity around Louis Roederer’s Cristal 2014 once more after a brief hiatus.
Seña leads Chilean secondary market trade
The La Place de Bordeaux autumn campaign has begun with the release of Chilean wine Clos Apalta 2019 yesterday (Tuesday 30th August) and Seña 2020 due tomorrow (1st September).
Clos Apalta 2019 was released for £900 per case (12×75) in bond, and its second wine, Le Petit Clos 2019, for £294 (12×75).
As can be seen in the chart above, Clos Apalta is currently the third most-traded Chilean label over the last three years. However, this week’s next Chilean release, Seña, is the leading Chilean brand in the secondary market. So far this year its top-traded vintages have been the 2017 and 2019.
The 2020 vintage was recently rated 95-points by Lisa Perrotti-Brown MW in The Wine Independent. She said it ‘strolls out with confident scents of crème de cassis, juicy black plums… and black olives’.
Furthermore, the new vintage is being released alongside a new second label for the brand, Rocas de Seña 2020.
The secondary market for Chilean wines is small. So far this year it has accounted for just 0.4% of total trade. However, this is already more than in 2021 when it accounted for 0.2% of overall trade.
The evolution of La Place de Bordeaux and the changing nature of the secondary fine wine market were covered in our recent report, currently available exclusively for Liv-ex members.
Opportunities to buy Chilean wine
There are currently over 60 LIVE bids and offers on Chilean wines on the exchange.
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.
