- Bordeaux, Tuscany and the USA saw their trade shares dip this week; Burgundy led the pack with 31.7% of total trade.
- The most traded wines by value and volume hailed from Bordeaux, Tuscany, Champagne and the Rhône.
- This week, Liv-ex published a Market Update covering the best and worst performing wines of 2023, as well as an article outlining the new entrants into the 2023 Power 100.
What’s happening in the secondary market?
During the last full week of 2023, Bordeaux further lost momentum, ending the seven days to the 28th of December with 29.2% of total trade. Burgundy shot up and overtook Bordeaux as the most traded region by value, narrowly claiming the title with 31.7% of trade.
Despite recording a strong week and accounting for 9.8% of total trade by value, Tuscany’s trade share considerably dipped week-on-week. Tuscany’s share this week remained far ahead of its November share, however. Piedmont recorded a small uptick to close the week at 4.3% of trade.
The USA’s share of trade almost halved week-on-week, and the Rhône also recorded a dip. On the other hand, Champagne rose slightly to account for 11.0% of total trade. The region was buoyed by sales of Non-Vintage Champagne such as Ruinart Blanc de Blancs which came second in terms of trade by volume, and wines such as Salon 2013, Louis Roederer Cristal 2008 and Krug 2008 changing hands over the last seven days.
What were this week’s top-traded wines?
Despite the region losing out on the top spot this week, two of the top-traded wines by value hailed from Bordeaux: Château Cheval Blanc 2015 and Château Margaux 2005. The former was awarded 100 points by Lisa Perrotti-Brown and last traded at £6,064 per 12×75, a 16.6% rise on its opening price of £5,200 per case, but considerably lower than its peak trade price of £6,182 per case back in October 2022.
Château Cheval Blanc 2015 trades on Liv-ex
Argiano, Brunello di Montalcino 2018 continued to feature among the most-traded wines on the exchange, both by value and volume. Tuscany’s trade share was further bolstered by Sassicaia 2019 changing hands.
Champagne recorded sustained trading activity ahead of new year festivities, with Salon 2013 featuring on the list of most traded wines by value and Ruinart Blanc de Blancs among the most traded by volume.
Weekly insights recap
This week, Liv-ex published a Market Update outlining the best and worst performing wines of 2023 (member-only content) and an article looking into the new entrants in the 2023 Power 100 (free to read).
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.
