- Burgundy hit a record weekly trade share of 43.4%.
- Domaine Leroy Pommard Les Vignots 2014 was the top traded wine.
- Weekly insights included analysis on the best-performing Bordeaux vintages, the price gap between the First Growths and their second wines and the best Ausone opportunities.
Regional trade this week
Burgundy’s weekly trade share hit an all-time high of 43.4%, driven by the high-value wines of Domaine Leroy – the number one wine brand in the 2020 and 2021 Power 100 rankings. Domaine de la Romanée-Conti was also in the trading spotlight with demand for older vintages of Romanée-Conti Grand Cru like the 2003 and 1999.
Bordeaux pulled back to account for 28.1% of the total, with Château Lafite Rothschild, Château Mouton Rothschild, Pétrus and Château Ausone at the forefront of trade.
At 13.2%, Champagne largely maintained its share from last week, fuelled by different vintages of Louis Roederer Cristal, including 2008, 2013 and 2014.
The Rhône, Italy, and the USA’s trade shares all declined. The ‘others’ managed a small increase, from 1.5% to 2.3%, dominated by Australia (0.7%) and Spain (0.4%).
This week’s top traded
Burgundy, Bordeaux and Champagne led this week’s top traded. Two 2014s from Domaine Leroy – Pommard Les Vignots and Corton Grand Cru Les Renardes – took the top spots. Back in 2016, Antonio Galloni (Vinous) wrote that ‘the Corton-Renardes is simply magical in this vintage’.
They were followed by the First Growths, Château Lafite Rothschild 2005 and Château Mouton Rothschild 2000.
Louis Roederer Cristal 2008 also returned to the rankings, having last traded 115.8% up on its release price.
Weekly recap
The Liv-ex November Market Report was published on Monday. It looks at fine wine’s struggles in October as Sterling strengthened against the US Dollar, October’s secondary market trade and the best-value Cristal vintages.
Liv-ex members received further analysis on the best-performing Bordeaux vintages and the price gap between the First Growths and their second wines.
We also looked at Château Ausone’s recent price performance and which of its back vintages offer the best buying opportunities at present.
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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