- All major fine wine regions increased their weekly trade share except Burgundy.
- Louis Roederer Cristal 2014 was the most traded wine.
- Weekly insights included the market’s reaction to Wine Spectator’s top wines of 2022, analysis of Vintage Ports and more.
Regional trade this week
Trade rose across all major fine wine regions apart from Burgundy, which fell from a record level of 43.4% last week to 24.6% this week. Year-to-date, Burgundy’s annual trade share is at an all-time high of 26.2%, having accounted for 22.0% of total trade in 2021. As examined on Tuesday, regional demand has been led by its 2019 and 2018 vintages.
The 2019 and 2018 vintages also led Bordeaux’s activity this week, while its trade share rose from 28.1% to 37.4%. The First Growths accounted for 25.1% of the total trade for the region.
Tuscany enjoyed a notable uptick in demand, spurred on in part by recent critic reports. Tignanello 2019 and Fattoria Le Pupille 2019, for instance, both saw active trade following their inclusion in the Wine Spectator’s top 100 rankings. This week, Ornellaia 2010 was the top traded Tuscan wine.
The USA also increased its market share, from 3.5% to 6.5%. Opus One 2019 and 2018, and Harlan Estate 2018 led trade.
Meanwhile, trade for others regions was dominated by Spain (1.1%), Australia (0.8%) and Germany (0.4%).
This week’s top traded
Louis Roederer Cristal 2014 was this week’s most active wine, having last traded at £2,622 per 12×75, up 9.2% on its release price. Another Champagne also made it into the rankings – Dom Pérignon 2012, with its last trade price representing a 51.5% increase on release.
From Bordeaux, First Growth Lafite Rothschild 2018 and Clos du Marquis 2017, were the most traded.
Weekly recap
This week we covered James Suckling’s top 100 wines of the year, and the market’s reaction to the Wine Spectator’s rankings.
Liv-ex members received further analysis on 2016 and 2017 Vintage Port, the most traded vintages across different regions and the currency impact on the price of Californian wine.
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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.
