Every Friday, we take a look at activity on the fine wine market in our weekly ‘Talking Trade’ post. Highlights from the past week include:
- Tuscany’s trade share by value increased to 11.1% of total trade this week, bolstered by Super Tuscan wines.
- Domaine Comte Georges de Vogue 2019 was the most active wine, followed by Louis Roederer Cristal Rosé 2014 and back vintages of Chateau Lafite Rothschild and Chateau Cheval Blanc.
- Liv-ex published pricing analysis ahead of the Louis Roederer Cristal Rosé 2014 release and an update on the most bid-for wines in 2023 so far.
Regional trade in the past week
This week, Tuscany saw its trade share increase to 11.1% of total trade by value. Some of the most active wines from the region were Super Tuscans Ornellaia 2020, which was released earlier in April, and Sassicaia Tenuta San Guido 2017. Bibi Graetz 2019 was also among the most active wines.
The USA’s trade share also increased week-on-week to 8% of total trade by value, buoyed by Opus One 2019 which was the second most traded wine by value this week. Champagne also improved slightly, accounting for 9.7% of the total, as did the Rhone, with 2.7%. Meanwhile, Burgundy, Piedmont and the ‘Others’ all saw their share fall week-on-week.
This week’s top-traded wines
Domaine Comte Georges de Vogue Musigny Grand Cry 2019 was the most traded wine by value this week. It last traded at £9,748 per 12×75, a 14.7% increase on its release price of £8,500 per case.
Louis Roederer Cristal Rosé 2014 was also among the top-traded wines. Earlier this week, ahead of its release, Liv-ex published a pricing analysis of the wine and its previous vintages (available to members only). Since then, it has been rated 97+ points by Antonio Galloni (Vinous).
Two Bordeaux Premier Cru back vintages, Chateau Cheval Blanc 2010 and Chateau Lafite Rothschild 1996, were also on the list. Chateau Lafite Rothschild 1996 last traded at £9,200 per 12×75, up 868.4% on its ex-London release price of £950 per case.
As highlighted in our En Primeur report, collectors’ returns from buying through the campaign have been increasingly modest, especially for vintages since 2016. The introduction of RRPs and strategies like stock retention have all contributed to diminishing buyer returns, meaning back vintages might offer better value to newer releases. Liv-ex members can read the report here.
Chateau Lafite Rothschild Premier Cru Classé 1996 trades on Liv-ex
Weekly insights recap
This week, two market updates were published for Liv-ex members. The first one was a pricing analysis on Louis Roederer Cristal Rosé 2014 ahead of its release, and the second analysed the most bid-for wines so far in 2023.
Not yet a member of Liv-ex? Request a demo to see the exchange and a member of our team will be in touch with you shortly.
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 630+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 16,000 wines.
