- Bordeaux, Champagne, Burgundy and Piedmont all saw their trade shares decline this week.
- The most traded wines by value and volume hailed from France, Italy and the USA.
- This week, Liv-ex published Market Updates featuring Jane Anson’s top Left Bank wine of the year and an analysis of Château Léoville-Poyferré’s secondary market performance.
What’s happening in the secondary market?
Bordeaux lost some momentum this week, its share of trade slipping from 41.3% to 38.0%. Despite this, the region continues to hold the largest share, supported by active trading of Carruades de Lafite 2021 and Château Lafite Rothschild 2014 on the exchange.
Other prominent regions, namely Burgundy, Champagne and Piedmont, saw their trade shares fall by value, dropping to 17.8%, 10.1% and 2.8%, respectively.
In contrast, the Rhône, Tuscany, the USA and the ‘Others‘ category have seen an uptick in their trade shares. Tuscany, in particular, saw the most substantial increase, rising from 7.2% to 13.2%. This boost can be attributed to the active trading of Argiano, Brunello di Montalcino 2018, Sassicaia, Tenuta San Guido, Bolgheri 2016 and Masseto, Toscana 2020.
The Rhône also experienced a positive week, with its trade share climbing from 2.9% to 5.3%. Notably, Château de Beaucastel Rouge, Châteauneuf-du-Pape 2021 secured the position as the second most traded wine by volume this week.
What were this week’s top-traded wines?
The top-traded wines, both in terms of value and volume, hailed from France, Italy and the USA.
Leading the way this week was Argiano, Brunello di Montalcino 2018, securing its position as the most traded wine by both value and volume. However, after six weeks of consistent success since Wine Spectator announced it as their 2023 Wine of the Year, the wine experienced a slight dip in its trade price from the previous week, settling at £530 per case – a 14.0% decrease from last week’s closing trade price of £616 per case.
Argiano, Brunello di Montalcino 2018 trades on Liv-ex
Opus One 2018 also made an appearance in both the top traded by value and volume this week, boosting the trade value for the USA. The wine scored 98 points from both Jane Anson and Lisa Perrotti-Brown and has a last trade price of £2,860 per case, marking a 3.6% increase from its release price of £2,760 per case. Despite this positive trend, the last trade price remains below its peak of £3,250 per case, recorded in May earlier this year.
Weekly insights recap
This week, Liv-ex released Market Updates featuring Jane Anson’s top Left Bank wine of the year. Additionally, an analysis of Château Léoville-Poyferré’s secondary market performance is now available to members.
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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.
