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:
- Burgundy and Bordeaux experienced upticks in their regional trade shares.
- This week’s top-traded wines hailed from Bordeaux, Burgundy and Champagne.
- Liv-ex has published Market Updates highlighting Port opportunities below £500 a case as well as the release of Taittinger Comtes de Champagne 2013 and Salon Le Mesnil Blanc de Blancs 2013.
What’s happening in the secondary market?
This week, Bordeaux increased its regional trade share to 41.6% from 36.3% last week, with two wines in the top five most traded by value and four wines leading in the volume rankings. More details below.
Burgundy had another strong week, its trade share climbing from 21.9% to 26.1%. This uptick can primarily be attributed to the active trading of wines from Domaine Arnoux-Lachaux and Domaine de la Romanée-Conti.
The Rhône, Piedmont, and the USA also experienced gains in their trade shares for the week. The USA in particular saw the most significant increase, rising from 3.7% to 5.0% of total trade by value. Wines from Opus One and Screaming Eagle drove this surge.
Conversely, Tuscany experienced the most significant setback, declining from 12.4% to 6.2% of total regional trade share by value this week. Champagne also faced challenges, dropping from 14.8% to 11.0%, despite two wines featuring in the most active by value and Charles Heidsieck’s Blanc des Millénaires Brut 2007 ranking highly in terms of trade by volume.
What were this week’s top-traded wines?
This week, the most actively traded wines in terms of both value and volume primarily hailed from Bordeaux, Burgundy and Champagne.
Leading both by value and volume was the 2020 Château Beychevelle. Neal Martin awarded the wine 93 points, Antonio Galloni scored it 96 points and Lisa Perrotti-Brown rated it 95 points. Initially released at £695 per case, it was considered a ‘good value for money’ option at the time, being the second most affordable vintage in the market. The wine has since appreciated by 17.4% to reach a Market Price of £816 per case.
Château Beychevelle 2020 trades on Liv-ex
Fellow 2020 Bordeaux Château Figeac, also secured a prominent position in terms of trade by both value and volume this week. Released at £1,872 (12×75), this wine was also deemed good value compared to the 2019 and 2018 back vintages. It has since seen a 9.0% increase in its Market Price, reaching £2,040 per case. The most recent trade for this wine was at £1,940 per case, just below its Market Price.
Château Figeac 2020 trades on Liv-ex
As previously mentioned, despite a decline in Champagne’s regional trade share this week, two Champagne wines made it to the list of most actively traded wines by value: Salon Le Mesnil-sur-Oger Grand Cru 2013 and Charles Heidsieck Blanc des Millénaires Brut 2007. The latter also featured on the list of most traded wines by volume.
Salon 2013 was recently released at £10,980 per case and received a score of 99 points from Antonio Galloni, who called it ‘the most powerful, dense young Salon [he has] ever tasted’. The wine’s release price was positioned just above the Fair Value line.
Weekly insights recap
As the pace of La Place Autumn Releases slowed down, Liv-ex published a Market Update for members highlighting Port opportunities below £500 per case as well as pricing analysis on Taittinger Comtes de Champagne 2013. Members also have access to coverage of the release of Salon Le Mesnil Blanc de Blancs 2013.
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 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 20,000 wines.
