- Burgundy narrowly maintained its lead over other regions in the secondary market. Bordeaux and the Rhone were the only two regions to see their market shares dip.
- The most-traded wines by value and volume were Perrier Jouet Belle Epoque 2014 and Argiano, Brunello di Montalcino 2018.
- This week, Liv-ex published its annual market report (free to read), as well as two Market Updates available to members.
What’s happening in the secondary market?
It was a tight race for the lead between Bordeaux and Burgundy this week, but the latter narrowly came out on top with 27.52% of total trade by value to Bordeaux’s 27.45%. Surprisingly, no Bordeaux wines featured in the top five most-traded wines by value.
Champagne’s share of trade saw an uptick, rising from 12.7% to 16.6% week-on-week, buoyed by volume sales of vintage and non-vintage Champagnes.
Tuscany, the USA and Piedmont all made gains this week, as did the ‘Others’ category which marginally improved week-on-week. The Rhône was the only region apart from Bordeaux to record a dip in its share of regional trade, despite one of its wines featuring on the list of the most-traded by value this week.
What were this week’s top-traded wines?
Perrier Jouet Belle Epoque 2014 led trade by value this week, buoying Champagne’s trade share. The wine was also the second-most traded by volume, featuring on the list alongside a non-vintage Champagne: Charles Heidseck, Blanc de Blancs NV.
Argiano, Brunello di Montalcino 2018 is still captivating audiences after being nominated as the Wine Spectator’s Wine of the Year. The wine was the second-most traded by value and the most-traded by volume this week. It traded on Liv-ex for the first time back in November at £486 per case, and reached £688 per case in early December.
Fellow Wine Spectator nominee Château Lynch-Bages 2020 also featured among the most-traded wines by volume this week.
Burgundy’s rebound was buoyed by two 2021 wines appearing among the most-traded by value, Domaine Comte Georges de Vogue, Musigny Grand Cru, Cuvée Vielles Vignes and Coche-Dury Meursault.
Weekly insights recap
This week, Liv-ex published its annual report, The Fine Wine Market in 2023 (free for all to read). Members have access to two Market Updates, one highlighting the top performers in the Power 100, and the other positing which brands could rise into next year’s rankings.
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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.
