- Bordeaux led trade this week, followed by Burgundy which recorded an uptick in its trade share.
- This week’s most traded wines by value and volume hailed from Burgundy, Spain, California, Bordeaux, Champagne and Tuscany.
- Liv-ex published pricing analyses of Promontory 2019 and Ornellaia 2021, as well as the February indices update.
What’s happening in the secondary market?
Bordeaux remained in the lead this week with 33.3% of total trade by value, down slightly from the previous week’s 36.9%. Burgundy narrowed the gap, its trade share rising from 21.7% to 27.0% this week, buoyed by trades of wines from Domaine de la Romanée-Conti.
Champagne’s trade share rose slightly from 6.8% to 7.0% this week, with Taittinger Comtes de Champagne Blanc de Blancs 2013 featuring among the most traded wines by volume.
Tuscany improved its position by 0.2% to reach 10.7% of total trade this week, bolstered by two wines among the most traded by volume: one Brunello 2019 and an IGT wine. More on this below.
The Rhône also recorded an uptick in its trade share, which rose from 3.5% to 4.1% this week, as did the ‘Others’ category which rose to 7.1%, in part thanks to a Spanish wine featuring among the most traded by value. The USA fell from 9.8% to 7.9% this week, despite Screaming Eagle 2021 still being one of the most traded wines by value.
What were this week’s top-traded wines?
This week’s top-traded wines hailed from a variety of regions.
By value, Burgundy’s Domaine de la Romanée-Conti led weekly trade, specifically the 2020 La Tâche. With a Market Price of £56,500 per 12×75, its presence among the most traded wines by value is rather unsurprising.
Spain made a rare appearance in the rankings with Vega Sicilia Unico 2012 second on the list. The wine last traded at £2,732 per case, 5.8% below its Market Price and 8.2% below its release price.
Screaming Eagle 2021 was the third most-traded wine by value following its release into the market in early 2024. The wine was the most-traded by value in February.
Two 2010s from Pauillac, which both boast 100-point scores from Lisa Perrotti-Brown MW, completed the list of most-traded wines by value: Château Pontet-Canet and Château Lafite Rothschild. The former also featured among the most traded wines by volume.
Tuscany had two wines among the most traded by volume: a 2019 Brunello with a 97+ point score from The Wine Advocate’s Monica Larner, Ciacci Piccolomini d’Aragona, Pianrosso, and one IGT wine, Castellare di Castellina, Sodi San Niccolo 2018, which was scored 95 points by Jane Anson (Inside Bordeaux) and 97 points by Antonio Galloni (Vinous).
Last but certainly not least, Taittinger waved the flag of Champagne with its Comtes de Champagne Blanc de Blancs 2013 among the most traded wines by volume. The wine was released in September 2023 at £715 per 6×75 (equivalent to £1,430 per 12×75) and last traded 18.6% below that, at £1,164 per case.
Taittinger Comtes de Champagne Blanc de Blancs 2013 trades on Liv-ex
In the spirits world this week, Macallan, Highland Single Malt Concept No 2 Bottled 2019, Speyside traded at £476 per bottle and Macallan, Highland Single Malt Vintage Sherry Oak Cask 18YO, Speyside 1997 at £822 per bottle.
Weekly insights recap
This week, Liv-ex published two Market Updates for members, pricing analyses of Promontory 2019 and Ornellaia 2021 following their releases.An indices update was also made available for all 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.
