- Bordeaux led weekly trade, followed closely by Burgundy, Champagne and Tuscany.
- Three Burgundies were amongst the top-traded wines of the week.
- This week, Liv-ex members were sent a Market Update on two California legends – Screaming Eagle and Opus One
Bordeaux maintained its lead in the market with a 30.9% share of traded value, up slightly on last week’s close at 30.5%. Château Latour and Château Lafite Rothschild went head-to-head as the top-traded Bordeaux producers, taking a 10.6% and 10.2% share of the region’s trade respectively.
Burgundy made the most significant gains, coming in at a close second place with a 28.4% share of traded value. Last week, the region closed with a 21.3% share. While the region is generally buoyed by high-value wines, high-volume trades accounted for a larger portion of traded value this week (further details below).
Though, overall, Champagne saw a decline in traded value, Bollinger R.D. 2008 came in as the top-traded wine of the week.
Tuscany’s trade share increased from 8.0% to 9.9%. Tenuta San Guido’s Sassicaia 2016 came in as the top-traded wine of the region by value, followed by three vintages of Masseto – the 2014, 2020 and 2007. In September, the 2021 vintage, awarded 100 points by Antonio Galloni (Vinous), will be released via La Place de Bordeaux.
The USA’s share of trade fell from 11.2% last week to 5.8% this week. Still, several vintages of Harlan Estate and Opus One traded actively.
In the realm of spirits, a single bottle of Macallan’s Red Collection Speyside Highland Single Malt 40YO (bottled 2020) changed hands for £12,750. Over the past three months, the whisky has auctioned between £12,600 and £14,000 (hammer price). At the peak of the market in 2022, it frequently auctioned at £20,000, as reported here by Whisky Hunter.
What were the week’s top-traded wines?
Bollinger R.D. 2008 came in as the top-traded wine by both value and volume thanks to several high-volume trades. As shown in the chart below, transaction prices of this wine exhibit some volatility. This month, disregarding large bottle formats, trades have taken place between £1,948 and £2,200 per 12×75.
Liv-ex trades of Bollinger R.D. 2008
The 2022 vintage of both Domaine Coquard Loison Fleurot, Clos de la Roche Grand Cru and Domaine Fourrier’s Gevrey-Chambertin Clos Saint-Jacques Vieille Vigne entered into the top five. The 2022s are slowly entering the market, accounting for 6.2% of the region’s trade year-to-date.
Tenuta San Guido’s Sassicaia 2016 came in fourth place. It last traded at £3,580 per 12×75, 1.6% below its Market Price of £3,640. Since the wine’s release into the market in early 2019 at £2,160, its price has appreciated steadily. Interestingly, prices appear to have been largely unaffected by the downturn of the broader market in late 2022.
Liv-ex trades of Sassicaia 2016
Top-traded wines by volume
While no Bordeaux wines entered the top 5 traded by value, Le Pauillac de Château Latour 2016 came in as the third top-traded wine by volume. This week, the wine traded at £560 per 12×75, just below its initial 2021 release price of £570.
Weekly insights recap
This week, Liv-ex members were sent a Market Update on two legendary Californian producers – Screaming Eagle and Opus One.
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.
