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:
- Champagne, Tuscany, and Australia see increased trade share; Bordeaux experiences significant decline.
- Top-traded wines this week represent a diverse set of regions.
- Liv-ex published blogs and market updates looking at the wines within the Rhône 100 and the Burgundy 150.
Regional trade in the past week
Bordeaux’s regular market share dominance was dented this week, falling from 47.8% in the previous week to just 26.89% this week.
In contrast, Champagne, Tuscany, and Australia which forms part of the ‘Others‘ category experienced substantial increases in trade, each more than doubling their respective trade shares from the prior week and with the three most active wines hailing from each of these regions.
Burgundy also experienced a rise in trade, nearly matching Bordeaux with a 26.9% trade share. Wines from de la Romanee-Conti, Arnoux-Lachaux and Armand Rousseau were particularly active this week.
Despite the inclusion of a wine from the Rhône region in this week’s most active, the overall trade share for the region saw a decline, slipping from 6.43% to 5.63%.
Similarly, the USA encountered a dip in its trade share over the course of the week.
This week’s top-traded wines
With the decline in Bordeaux’s trade share, this week’s most actively traded wines reveal a spread across five different regions.
Taking the lead was Dom Pérignon 2013, which holds its position as the year-to-date’s most traded wine by value. It sits at the top of the list this week, as buyers capitalise on the chance to secure volumes below its Market Price, prompted by sellers’ price adjustments. The most recent trade occurred 9.4% below its Market Price of £1,743 per 12×75.
Penfolds, Grange 2018 took second place with a last trade price of £4,100 per 12×75. The wine scored 100 points from Lisa Perrotti-Brown MW in 2022.
Tuscany emerged as a strong contender this week, doubling of its trade share by value. San Guido and Le Pupille wines, in particular, experienced active trade. Fattoria Le Pupille’s Saffredi, Toscana IGT 2020 claimed the third spot, with its last trade price at £512 per case.
Château Rayas, Châteauneuf-du-Pape 2010 secured the fifth position. Our recent blog post touched upon the wines influencing the Rhône 100 index, shedding light on Château Rayas, Châteauneuf-du-Pape being one of the biggest fallers in the index. The 2010 vintage has experienced a decline of 31.3% year-to-date, creating an opportunity for buyers to acquire this wine below its Market Price.
Château Rayas, Châteauneuf-du-Pape 2010 trades on Liv-ex
Weekly insights recap
This week, Liv-ex published three Market Updates with two analysing the wines that are currently trading below their Market Price within the Rhône 100 and the Burgundy 150. The third update provided analysis of the opportunities arising within the context of a 2.1% decline in Cristal during the month of July. Two free pieces exploring the wines within the Rhône 100 and the Burgundy 150 were also published.
Furthermore, a free piece around the La Place Autumn Releases of 2023 was made available. This blog provided readers with a preview of what to anticipate from the upcoming releases.
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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.
