Recent trading activity
Bordeaux trade continued to lead trade this week. The region accounted for 32.7% of total trade, compared with Burgundy’s 28.7%.
There was continued interest in Château Ausone 2017, as well as Pétrus 2013. Burgundian trade was split between Chambertin Grand Crus from Trapet Pere et Fils (2019) and Domaine Armand Rousseau (2001), as well as Domaine Leroy, Nuits-Saint-Georges Premier Cru Aux Boudots 2001.
Champagne (16.7%) was the next most active region, then Tuscany (9.2%).
Canary Islands wines traded for the first time
There was a new addition to the secondary market this week from the Canary Islands. Envinate’s Taganan Blanco 2020 made its secondary market debut with a case of six bottles trading for £142.
The Tenerife-based winery’s Palo Blanco 2020 in fact traded in April and May. However, neither wine had traded on the secondary market before this year and they are the first wines from the Canary Islands to have ever traded on the exchange.
It is a further sign of the expansion of the secondary market. The number of wines (measured as LWIN7) traded so far this year is already greater than it was by September last year. However, it is still a little way off last year’s total.
Spain’s secondary market trade is heavily slanted towards Ribera del Duero and Rioja. All-time, Ribera del Duero has accounted for 63.9% of Spanish trade and Rioja 20.7%.
So far this year the split is 71.6% Ribera del Duero – led by Vega Sicilia Unico 2012 and Dominio de Pingus Pingus 2019 – and 22.9% Rioja – largely for Marques de Murrieta’s Castillo Ygay Gran Reserva Especial 2010.
The Balearic Islands were the first Spanish island chain to make it into the secondary market. Anima Negra’s AN 2011 and AN 2 2012 from Mallorca were first traded in 2015.
Opportunities to buy Spanish wines
There are currently over 300 LIVE bids and offers from Spain 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.
