- Bordeaux led weekly trade, followed by Burgundy, Tuscany and Champagne.
- Château La Mission Haut-Brion 2015 was the top-traded wine by value.
- This week, Liv-ex members were sent a Market Update on the divergence of Market Prices and Average List Prices and a pricing analysis of the re-release of Château Palmer 2014. A Liv-ex Masterclass on fine wine authentication was also recorded and is available for all to watch.
Bordeaux continued to lead the market this week, taking a 37.9% share of traded value, just under last week’s close at 39.1%. Château La Mission Haut-Brion joined First Growths Château Lafite Rothschild, Château Mouton Rothschild and Château Latour as the region’s top-traded wines.
Burgundy’s trade share increased, closing at 19.2%, up on last week’s 15.7%. Domaine du Comte Liger Belair’s Echezeaux Grand Cru 2008 was the region’s top-traded wine by value, followed by Louis Latour’s Romanée-Saint-Vivant Grand Cru Les Quatre Journaux 2008.
Tuscany enjoyed another strong week, once again overtaking Champagne in third place. Alongside Super Tuscans Tignanello 2012 and Sassicaia 2021, three Brunellos were amongst the top five traded wines in the region by value – Argiano 2018, Biondi-Santi Riserva 2016 and Valdicava 2013.
Champagne recovered from its weak close at 8.6% last week up to 11.5% this week. The region’s top-traded wines were Taittinger’s Comtes de Champagne Blanc de Blanc, Dom Pérignon and Salon Le Mesnil.
Piedmont’s trade share increased from 5.4% last week to 6.0% this week. Barolos traded most actively, with less-frequently traded labels from producers such as Lorenzo Accomasso, Poderi Luigi Einaudi and Giovanni Canonica changing hands.
The USA’s share of trade also increased. Opus One proved particularly popular, accounting for 48.4% of the region’s trade.
Spain and the Rhône’s trade share decreased from 2.6% to 0.9% and from 2.8% to 1.6% respectively.
What were the week’s top-traded wines?
Château La Mission Haut-Brion 2015 was the top-traded wine of the week by value and fourth top-traded wine by volume. This week, it traded 8% below its initial ex-château release price of € 250 (23.2% below its ex-negociant price of € 300). The wine received an impressive critical response (98 points from Neal Martin (Vinous), 19/20 points from Jancis Robinson) and has recently entered its drinking window.
Liv-ex trades of Château La Mission Haut-Brion 2015
Taittinger, Comtes de Champagne Blanc de Blancs 2013 came in as the second top-traded wine by both value and volume, changing hands in high volumes 6.0% above its Market Price.
In third place was Château Latour 2005. Changing hands this week between £6,000 and £6,200, trade prices are now nearing their 2020 lows. This, combined with recently increased trading activity may provide some indication that prices are bottoming out.
Liv-ex trades of Château Latour 2005
Top-traded wines by volume
Argiano, Brunello di Montalcino 2018 featured as the top-traded wine by volume, and fourth top-traded wine by value. In late 2023, it was named by Wine Spectator as the ‘wine of the year’. As can be seen in the chart below, this spurred a flurry of trade, which has slowed over the course of 2024. This week, it traded in high volumes at around £470 per 12×75 – the lowest-ever traded price, but still well above its ex-London release price (£330).
Liv-ex trades of Argiano 2018
Weekly insights recap
This week, Liv-ex members were sent a Market Update on the divergence of Market Prices and Average List Prices and a pricing analysis of the re-release of Château Palmer 2014. A Liv-ex Masterclass on fine wine authentication was also hosted. A recording is available to watch 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.
