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:
- Bordeaux, Burgundy, the Rhône, and Tuscany all recorded increases in their share of trade this week.
- Three recent Bordeaux back vintages secured the top spots in the most active wines.
- Liv-ex released pricing analysis of Taittinger Comtes de Champagne Rosé 2011, and updates on finding value in Bordeaux 2014 and the benefits of maintaining exposure on Liv-ex.
Regional trade in the past week
This week, Bordeaux has maintained its stronghold with an increase to 43.0% of trade by value, compared to the previous week’s 40.8%. The top three most active wines were from Bordeaux. See more below.
Burgundy also experienced anincrease, its share of trade rising to 21.7% this week, up from 20.3% last week. This increase was primarily driven by the 2008 and 1996 vintages of Domaine de la Romanée-Conti, Romanée-Conti Grand Cru trading.
The Rhône had a strong week, rising to 3.3% compared to 1.5% last week, buoyed by the 2016, 2011, 2006 and 2003 vintages of Paul Jaboulet Aîné, Hermitage, La Chapelle Rouge all trading.
Tuscany also experienced an increase in trade, its trade share rising to 10.0%, compared to last week’s 8.4%. This boost can be partly explained by Sassicaia, Tenuta San Guido, Bolgheri 2019 securing the fourth spot in the most active wines list this week. Its 2013 and 2018 vintages also traded over the week.
On the other hand, despite Louis Roederer, Cristal 2015 featuring in the list of most active wines this week, Champagne experienced a decline in trade share, falling to 11.0% from last week’s 12.1%.
All other regions, including Piedmont, the USA and the ‘Others’ category also saw their share of trade fall. The USA recorded the most significant decline, decreasing to 3.9% this week compared to 7.5% last week.
This week’s top-traded wines
As mentioned previously, Bordeaux wines secured the top three spots in the most active wines this week, with two wines from Pomerol, Pétrus 2020 and Château La Fleur-Pétrus 2020, along with Château Pontet-Canet 5ème Cru Classé 2018 from Pauillac.
Tuscany also featured with Sassicaia, Tenuta San Guido, Bolgheri 2019 among the most active wines. The wine received a score of 94+ points from Antonio Galloni and last traded at £2,660 per case.
Securing the 5th position was Louis Roederer Cristal 2015. The wine was launched in the UK on the 17th of April 2023 at £2,600 per case. It has a current Market Price of £2,260 per 12×75, but has recently traded lower, making it a good opportunity for those looking for options within Champagne. The wine received 96 points from Antonio Galloni and 98 points from Lisa Perrotti-Brown. There is currently £22,000 of offers for Louis Roderer Cristal 2015 on Liv-ex.
Louis Roederer Cristal 2015 trades on Liv-ex
Weekly insights recap
This week, Liv-ex published three market updates. The first focused on the release of Taittinger Rosé 2011, while the second was the second part of a series on finding value in Bordeaux 2014. Additionally, an update was published highlighting the benefits of maintaining exposure 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 620+ 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.
