Each Friday, we analyse activity on the fine wine market in our weekly ‘Talking Trade’ post. Highlights this week included:
- Tuscany, Piedmont and the Rhône increased their weekly trade shares.
- Cos d’Estournel 2016 led weekly trade by value.
- Weekly insights included Bordeaux 2020 analysis and the publication of the February Market Report.
Regional trade this week
Tuscany and Piedmont saw the biggest increases to their market shares this week. The release of Sassicaia 2020 on Wednesday turned the spotlight on Italian wine, with some older vintages like the 2018 and 2014 trading actively.
Meanwhile, Bordeaux accounted for 41.8% of trade by value, a touch above its January average. The most active vintages from the region were 2018 and 2016. The 2020 vintage, which has only started to become physical, was the fourth most traded this week. As recently highlighted, the 2020 offers relative value for buyers.
Neal Martin (Vinous) also released his in-bottle scores for the vintage yesterday, with several wines achieving the top-end of their barrel rating: Château L’Église-Clinet, Pétrus, Château Pichon-Longueville Comtesse de Lalande, Château Lafite Rothschild and Château Lafleur.
This week’s top traded
A wine from the 2020 Bordeaux vintage also placed among the most traded by value this week – Le Petit Mouton de Mouton Rothschild. It last changed hands at £2,226 per 12×75, an increase of 9.1% on its release price.
However, the list was topped by Cos d’Estournel 2016, which boasts 100-points from Neal Martin (Vinous) and Lisa Perrotti-Brown MW (at the time writing for The Wine Advocate).
Two vintages of Domaines des Lambrays Clos des Lambrays Grand Cru also made it into this week’s top five – the 2016 and 2018. The latter set an all-time trading high on Liv-ex at £3,444 per case, up 34.5% on its release price.
Domaine des Lambrays Clos des Lambrays Grand Cru 2018 trades on Liv-ex
Weekly insights recap
This week we published a case study of how automation helps wine merchants increase sales and reduce admin. We also released our February Market Report, which looked at the expansion of La Place de Bordeaux, global wealth creation and the value of luxury with regards to Burgundy.
Liv-ex members received additional analysis on the the best-value Sassicaia vintages and Jancis Robinson’s top-scoring Bordeaux 2019s.
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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.
