- Bordeaux’s share of trade rose above 50% of the total, and Champagne and Tuscany experienced a surge in trading activity.
- The Wine Spectator’s Wines of the Year dominated the most-traded wines by volume, with Tuscany leading trade by both value and volume.
- This week, Liv-ex published two Market Updates; one highlighting the Bordeaux 2019 wines trading below their ex-négociant price, and the other the most popular Californian wines in Q3.
What’s happening in the secondary market?
Bordeaux’s trade share increased to over 50% of the total this week, buoyed by the trading of recent vintages of Château Lafite Rothschild and Pétrus 2010.
Champagne also saw its share surge from 8.4% to 13.1% of the total this week. Large volumes of Dom Pérignon Luminous 2013 were traded on Liv-ex, and Krug 2008 was one of the most traded wines by value. Tuscany also saw some success, its trade share increasing from 3.6% to 9.4% this week, its wines featuring on the list of most traded by value and volume.
Champagne and Bordeaux’s strong trading activity came at the expense of Burgundy, which saw its trade share significantly decline week-on-week to close. The USA, the Rhône, Piedmont and the ‘Others’ category also recorded a dip.
What were this week’s top-traded wines?
This week’s most-traded wines by volume were significantly influenced by the Wine Spectator’s Wines of the Year announcement. Indeed, Argiano Brunello di Montalcino 2018 topped both the Wine Spectator’s rankings and the top five wines traded by volume this week. Another vintage of the wine, the 2015, featured among the most-traded by volume. Château Lynch-Bages 2020, also one of the Wine Spectator’s top picks, was the third most-traded wine by volume on Liv-ex last week.
Both lists had a strong Tuscan influence. Sassicaia 2019 topped the list of most-traded wines by value and featured on the most-traded by volume. Fellow Super Tuscan Tignanello 2020 was the second most-traded wine by volume.
Two recent vintages of Château Lafite Rothschild, the 2020 and 2019, were among the most actively traded wines on the exchange. The latter last changed hands at £5,584 per 12×75, well below the peak of £7,898 per case it reached last summer, and significantly below the wine’s average list price.
Château Lafite Rothschild 2019 trades on Liv-ex
Weekly insights recap
This week, Liv-ex published two Market Updates available for members to read. The first one highlighted the Bordeaux 2019 wines trading below their ex-négociant price, and the other explored the most popular wines from California.
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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 20,000 wines.
