Recent trading activity
Bordeaux has led trade since last Friday, accounting for 52.5% of total trade by value. Many wines from the region featured among the top-traded by value over the weekend, including Château Pontet-Canet 2018, Château Mouton Rothschild 2019, Pétrus 2006, Château Margaux 2010 and Château Latour 2012.
The Rhône made a resurgence, accounting for 8.32% of trade since last Friday, bolstered by the 2010 and 2007 vintages of Château Rayas trading.
How did Champagne perform in H1 2023?
Since the start of 2023, the tale from Champagne has been one of two halves. On one hand, the Champagne 50 index is down 10.4% year-to-date, the second biggest fall in the Liv-ex Fine Wine 1000 after the Rhone 100 (-16.4%).
On the other, Dom Pérignon 2013 has been the top-traded wine so far this year in terms of both value and volume since its release in January. The 2014 and 2015 vintages of Louis Roederer Cristal also made the top five wines in terms of trade by value. As such, while prices are falling, there seems to be a considerable appetite for Champagne wines.
In July, the Champagne 50 also recorded the smallest decline out of all the Liv-ex 1000 sub-indices, falling only 0.2%. Could this be a sign of stability returning? In our August Market Report, we turned to Technical Analysis to try to make sense of the index’s recent price movements.
While it remains to be seen how Champagne prices will evolve in the second half of 2023, our analysis of H1 2023 showed the region as a prominent one in terms of trades, bids, and search rates.
Which Champagne wines were the most sought-after?
In order to assess which wines were the most in-demand in the first half of 2023, we ranked them according to the number of bids placed on them during that period.
Three Champagne wines featured in the top ten most sought-after wines in H1 2023: Bollinger, La Grande Année 2014 and the 2008 and 2014 vintages of Louis Roederer, Cristal.
Which Champagne wines were the most searched-for?
In terms of the most searched-for wines on Liv-ex, Champagne wines featured in the top ten in Europe and the UK.
In Europe, members showed particular interest in the 2008 and 2014 vintages of Louis Roederer, Cristal and in Dom Pérignon 2013. Over in the UK, Dom Pérignon was the leading brand, with the 2013 vintage taking the top spot and the 2012 and 2008 vintages also featuring in the top ten.
Which Champagne wine was the best price performer in H1 2023?
We also reviewed which wines in the Liv-ex Fine Wine 1000 had seen the biggest increase to their Market Price in the first half of the year. Among those ten best price-performers in H1 2023, only one Champagne wine featured: Jacques Selosse Millésime 2009. The wine saw its Market Price increase by 43.1% during that period, but last traded below its Market Price of £16,188 per case.
There are currently 1,539 LIVE opportunities for Champagne on Liv-ex. Log in to the exchange to view them and trade.
In case you missed it:
Here’s what we’ve been reading:
- Liv-ex: August Market Report
- The drinks business: Australian PM Albanese to discuss wine tariffs with China
- The Financial Times: US shares rise as investors await latest insights on American consumers
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.
