Each Friday, we analyse activity on the fine wine market in our weekly ‘Talking Trade’ post. Highlights this week included:
- The USA and the ‘others’ made the most substantial gains over the holiday period.
- Top end Burgundy, Bordeaux and Champagne led trade by value.
- Weekly insights included analysis of the December performance of the Liv-ex indices and the broadening Burgundy market.
Regional trade this week
Secondary market activity naturally slowed down over the holiday period as many in the trade closed their offices. There was greater focus on wines from the USA and the ‘others’, with US trade rising from 3.2% to 8.2%. Meanwhile, the ‘others’ accounted for 5.3%, led by Spain (1.6%), Germany (0.9%) and Switzerland (0.6%).
Bordeaux’s trade share dipped from 47.4% the week before Christmas to 35.7% in the new year. The most active Bordeaux vintages by value were 2019 and 2005, combined accounting for 23.2% of the total trade within the region.
Burgundy picked up, rising from 21.5% to 29.6%. Some of the most active wines came from the region, including Domaine de la Romanée-Conti Romanée-Saint-Vivant Grand Cru Marey-Monge 2019, which led the market by value.
This week’s top traded
The 2012 and 2018 vintages of Pétrus featured among the most active wines by value at the end of December. The 2012 last traded up 127.2% on its release price, and the 2018 – up 92.6%.
Screaming Eagle The Flight 2019 was the most sought-after Californian wine, while Jacques Selosse Lieux-Dits Collection Assortment case led Champagne trade.
Weekly insights recap
Fine wine prices declined across the board inDecember. The Liv-ex Fine Wine 100 dipped 0.2%, while the Liv-ex 1000 went down 0.4%. The Champagne 50 was the worst-performing Liv-ex 1000 sub-index, down 2.4%.
Liv-ex members received additional analysis on the broadening Burgundy market and the record number of buying opportunities on Liv-ex.
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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.
