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 led trade by value once again despite a weekly dip in its trade share.
- Champagne’s trading activity remained strong, with three wines ranked as the most active.
- Liv-ex released updates on finding value in Bordeaux 2014 and the benefits of leveraging automation to generate trade. An update on the Liv-ex 100 index was also published.
Regional trade in the past week
Bordeaux maintained its lead position in trade by value this week, accounting for 39.2% of total trade by value. This is a step back from last week’s 43.5%. Château Cheval Blanc Premier Grand Cru Classé A 1998 was among the top traded wines this week.
Champagne was active this week, increasing its trade share compared to the prior week. It accounted for 20.0% of trade by value, outstripping Burgundy. Three wines from the region secured spots among the most actively traded. See more below.
Tuscany also experienced an uptick in trade this week, rising to 7.6%. Notable contributors included the trading of Tua Rita, Redigaffi 2020 along with Tignanello, Toscana 2019, 2020 and 2016.
Positive momentum extended to the USA and the ‘Others’ category, both experiencing increases to 3.7% and 5.1%, respectively.
Conversely, Burgundy recorded a decline to 19.5% of total trade by value, down from the previous week’s 22.8%. The Rhône and Piedmont also encountered marginal decreases in trade share.
This week’s top-traded wines
As previously mentioned, Champagne continued to display impressive strength, with three of the top positions occupied by wines from this region, namely Louis Roederer, Cristal 2008 magnums and the 2013 and 2012 vintages of Dom Pérignon.
The Champagne 50 index (which tracks the price performance of the most recent physical vintages of the 13 most actively traded champagnes), experienced a mere 0.2% dip in July to end at 638.65. This noteworthy resilience comes against the backdrop of a broader market decline, reflected in the Liv-ex 100’s further 3.1% dip. This relative strength suggest buyers are returning after a 10.4% pull back year-to-date.
There are currently 1,515 LIVE opportunities for Champagne wines on Liv-ex.
Champagne 50 index on Liv-ex
*made using the Liv-ex Charting Tool
Château Cheval Blanc 1998 secured one of the top spots in terms of trade by value. The wine last changed hands at £8,800, down from £11,100 at its peak in October 2022. Cheval Blanc 1998 received a score of 95 points from Neal Martin (Vinous) and 100 points from Lisa Perrotti-Brown MW.
Château Cheval Blanc 1998 trades on Liv-ex
Weekly insights recap
This week, Liv-ex published two market updates. The first was the fourth part of a series on finding value in Bordeaux 2014 and the second highlighted the benefits of leveraging automation to generate trade. An update on the Liv-ex 100 index was also made available.
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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.
