- Burgundy saw the most significant increase in weekly trade share by value this week.
- This week’s most traded wines by value and volume hailed from Bordeaux and Tuscany.
- Liv-ex released a Market Update focusing on Bordeaux back vintages spanning from 1990 to 2020.
What’s happening in the secondary market?
Bordeaux led trade this week accounting for 41.1% of the regional trade share by value. This was an increase on the previous week when it made up 37.2%, and matched it’s January average.
Burgundy experienced the most significant increase week on week, rising to 24.6% from 13.1% last week. This surge was fuelled by trades involving Domaine Bonneau du Martray, Domaine Georges Roumier and Domaine Dujac.
Similarly, Champagne (11.1%) made gains compared to the previous week driven by activity in Dom Pérignon, Louis Roederer and Jacques Selosse.
These rises were at the expense of Tuscany, Piedmont and the USA which all saw their weekly trade fall below their January averages. The USA, in particular, experienced the most significant decrease, dropping to 3.3% from 16.0% following a strong performance the previous week.
What were this week’s top-traded wines?
This week’s top traded wines all originated from either Bordeaux or Tuscany.
The leading wine in both value and volume traded this week was Château Margaux 2017. It was last traded at £3,500 per 12×75, a 19.0% decrease on its release price of £4,320 per case and slightly below its ex-négociant price of €348 per bottle. The wine received 97 points from Lisa Perrotti-Brown and Antonio Galloni.
Château Margaux 2017 trades on Liv-ex
Other Bordeaux wines among the top traded included Château Ausone 2011, Château Pavie 2016 and Château Lafite Rothschild 2010, all of which were last traded below their release prices. Notably, both Château Pavie 2016 and Château Lafite Rothschild 2010 received scores of 100 points from Lisa Perrotti-Brown.
Biondi-Santi, Brunello di Montalcino, Riserva, 2010 secured the fourth spot with a last trade price of £3,380 per case, below its Market Price of £4,000 per 12×75. Monica Larner awarded the wine 96 points and said ‘with time, the wine is splendent and focused with a very direct and impactful delivery of aromas’.
In the spirits world this week, Balvenie, Single Malt Tun 1509 Batch 4, Speyside traded at £320 per bottle.
Weekly insights recap
This week, Liv-ex released a Market Update focusing on Bordeaux back vintages spanning from 1990 to 2020.
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.
