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 and Bordeaux gain market share, while Burgundy and Tuscany face declines in trade.
- This week’s top-traded wines predominantly hail from Champagne and Bordeaux.
- Liv-ex has released its 2023 Classification, as well as updates highlighting opportunities in Bordeaux and Italian wines.
- The La Place Autumn Releases have begun this week.
Regional trade in the past week
Bordeaux’s regional trade share by value rebounded this week, increasing from 28.7% last week to 38.3%. This resurgence placed Bordeaux back in the spotlight, with two of its wines making it to the list of the most active performers.
Champagne also demonstrated growth, climbing from 14.7% of total trade to 18.6% this week. This performance was partly the result of Champagne occupying three out of the top five spots for the most actively traded wines. See more below.
Furthermore, this week’s top ten most active wines exclusively hailed from Bordeaux and Champagne.
However, this ascent came at the expense of Burgundy and Tuscany, which experienced declines in their trade shares. Burgundy fell from 25.8% to 20.5%, while Tuscany saw the most significant drop, plummeting from 10.4% to 5.7%.
Piedmont, Tuscany, and the ‘Others‘ category also experienced declines in trade, after strong activity in the previous week. Additionally, the Rhône recorded its second consecutive week of decline in trade activity.
What were this week’s top-traded wines?
As mentioned earlier, Bordeaux and Champagne dominated the most active wines this week.
Château Lafite Rothschild 2005 takes the second spot in the list. The wine received 98 points from Jane Anson and last traded just 2.7% below to its Market Price of £7,350 per case. Fellow First Growth Château Mouton Rothschild 2008 is also in the list of most active wines. This wine last changed hands at £4,500 per case (4.3% below its Market Price).
Champagne emerges as the standout this week, experiencing a flurry of trading activity. Leading the pack is Taittinger Comtes de Champagne Blanc de Blancs 2012, with a 96-point score from Antonio Galloni. 2008 seems to be the vintage of choice this week with Dom Pérignon 2008 and Bollinger 2008 making appearances in the most active list.
Both the best live offer (represented by the blue dotted line on the chart below) and best live bid (the green dotted line) on Dom Pérignon 2008 on Liv-ex are in close proximity to each other and to the wine’s Market Price, presenting an exciting opportunity for buyers and sellers as bids and offers are very likely to be matched.
Dom Pérignon 2008 trades on Liv-ex
Weekly insights recap
This week, the Liv-ex 2023 Classification was published and is available for all to read.
Liv-ex also published two Market Updates for members analysing the wines that are currently trading below their Market Price within the Bordeaux 500 and the Italy 100.
Furthermore, as the first of the La Place Autumn releases start to come in, a release post covering Hermitage La Chapelle 2021 was published. More information about Liv-ex’s coverage of the campaign can be found here.
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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.
