Recent trading activity
Two vintages of Sassicaia traded at all-time highs this week. The 2005 and 2014 vintages both traded on Tuesday at highs of £2,886 and £2,386 respectively. Fellow Super Tuscan’s, Solaia 2019 and Masseto 2014 also traded this week.
Last week we looked at the best performers from Bordeaux’s 2020 vintage. The wines are beginning to see an uptick in activity as in-bottle tasting reports loom on the horizon. Trading highlights for the vintage this week included Le Petit Mouton and Pontet-Canet.
Burgundy bids and offers
Burgundy’s 2020 vintage has started to make its way onto the secondary market and is currently the most traded Burgundy vintage so far this year.
However, its bid to offer ratio sits at 0.42. The ratio compares the total value of bids (firm commitments to buy) to the total value of offers (firm commitments to sell) on the market.
The ratio’s aim is to indicate the level of demand that exists in the secondary market. Historically, a ratio above 0.5 tends to indicate the beginning of an uptrend in the market, or at the very least acts as a sign of price stability.
So although 2020 is currently the most traded vintage, supply slightly outweighs demand. This is perhaps unsurprising given Burgundy’s substantial price rises in recent months.
As highlighted in our report on the fine wine market in 2022, sentiment for the region is wavering as more stock comes to the market that takes longer to sell.
However, a closer look at the numbers allows us to identify trading opportunities within the region. Burgundy’s 2019 vintage, for example, is the most sought-after on the exchange.
It currently has over £2.1m worth of LIVE bids and £2.5m of LIVE offers, more than any other Burgundy vintage, giving it a bid to offer ratio of 0.85 – indicating positive sentiment.
The 2019 vintage is also the second-most traded Burgundy vintage this year, just behind 2020.
By contrast, the 2011 and 2013 vintages have the lowest bid to offer ratios. The 2011 in particular, has £2m worth of LIVE offers, but just £87,000 firm bids.
Whether you’re a buyer or a seller, there are currently over £35m LIVE Burgundy opportunities on your 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.
