- Bordeaux led weekly trade, followed by Burgundy and Tuscany
- Masseto 2021 was the top-traded wine this week
- This week, Liv-ex members were sent a Market Update on the DRC index. La Place de Bordeaux releases of Latour 2009 and Philipponnat, Clos des Goisses 2015 were also covered during the week
Bordeaux increased its market share this week, taking 39.1% of trade by value compared to 38.5% last week. The Right Bank featured strongly, with high value trades of Petrus, Angélus, and Le Pin. The 2019s were the top-traded Bordeaux vintage by value, with the likes of Château Mouton Rothschild, Château Cheval Blanc, and Carruades de Lafite leading the way.
Burgundy’s share of trade by value fell for the second week in a row, taking 15.7% compared to 21.1% last week. While Domaine de la Romanée-Conti and Leroy were Burgundy’s top-traded producers by value, high volume trades of village wines from Jean-Luc & Eric Burguet and Mongeard Mugneret bolstered the region’s performance.
Tuscany closed the gap to Burgundy, the region taking 14.6% of trade value this week. Masseto took the lion’s share of the region’s trade, with fellow Super Tuscans Tenuta San Guido Sassicaia and Ornellaia, and several vintages of Montevertine, Le Pergole Torte putting Tuscany head and shoulders above Champagne in fourth place (8.6%). Bollinger Grande Année 2014 continued to be Champagne’s top-traded wine by value, although Dom Pérignon was the region’s top-traded producer.
Piedmont’s trade share increased from last week (5.4% vs 3.9%), with Bartolo Mascarello Barolo the region’s top-traded wine. Several different wines from Produttori del Barbaresco traded, making it Piedmont’s top-traded producer by value.
The USA’s trade continued to languish. Having taken 10.9% of trade in the week between 30th August and 5th September, it took just 4.4% this week. Kongsgaard, Bond, and Screaming Eagle were the USA’s top-traded producers by value.
In the realm of spirits, this week saw Hennessy, Paradis Imperial trade at £4,167 per 3×70.
What were the week’s top-traded wines by value?
Masseto 2021 was this week’s top-traded wine by value. Released in early September via La Place de Bordeaux at €465/bt ex-négociant and internationally at £6,200 per 12×75, it most recently traded at £5,880 per case, 5.2% below its release price.
Petrus 2011 was the second top-traded wine by value, trading in magnum at £14,023 per 3×150, the equivalent of £28,046 per 12×75. This is 11.3% above the value at which it last traded (£25,200), which was in 3×75 packs. Nevertheless, in our analysis this is a fair premium for large format Petrus.
Château Mouton Rothschild 2019 came in as the third top-traded wine by value this week. We’ve recently noted that great vintages such as 2016 and 2019 of the Pauillac First Growths are returning to similar levels as release prices. While Château Lafite Rothschild 2019 has breached its ex-London release price, merchants now accepting a loss, Mouton 2019 last traded at £3,800 per 12×75, 5.9% above its ex-London release price (£3,588).
Mouton and Lafite 2019 price evolution
Château Angélus 2012, this week’s fourth top-traded wine by value, tells a different story. The first vintage released after Angélus’ classification upgrade to Premier Grand Cru Classé “A”, it has risen fairly steadily in value since release. It last traded at £4,007 per 12×75, twice the price it was released at en primeur (£2,000 per 12×75). Notably, recent trades have been occurring just above market, an indicator that its price still has room to rise.
Liv-ex trades of Angélus 2012
What were the week’s top-traded wines by volume?
Village level Burgundy traded in good volumes this week, with Jean-Luc & Eric Burguet, Gevrey-Chambertin, Mes Favorites Vieilles Vignes 2015 and Mongeard Mugneret, Vosne-Romanée 2021 changing hands. Carruades de Lafite 2021 is now trading 17.1% below release price.
Weekly insights recap
This week, Liv-ex members were sent a Market Update that used technical analysis to assess which direction the DRC index might be going. High profile La Place de Bordeaux releases such as an ex-château parcel of Latour 2009 were also covered throughout the week – read them here.
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.
