- Bordeaux led weekly trade, followed by Burgundy, the USA and Champagne
- Opus One 2021 was the top-traded wine this week.
- This week, Liv-ex members were sent a technical analysis and market sentiment update on Petrus. An update of Liv-ex’s major indices was published. La Place de Bordeaux releases were also covered throughout the week.
Bordeaux’s share of traded value decreased from 33.1% last week to 29.6% this week. Still, Château Lafite Rothschild came in once again as the top traded wine of the week, with the 1984, 2006, 2014, 2016 and 2019 vintages trading actively.
Burgundy’s trade share also decreased, closing at 24.3% last week and 22.6% this week. Domaine de la Romanee-Conti‘s wines traded less actively than usual. Instead, Louis Latour (Domaine and Maison) came in as the top-traded producer of the region. Recently the 2022s have entered the market – four Latour cuvees from the vintage, including the Montrachet Grand Cru and Chambertin Grand Cru Cuvée Héritiers, traded actively.
Champagne recorded a steeper week-on-week decrease in trade share: from 12.4% to 9.4%. Bollinger R.D. 2008, which came in as the overall top-traded wine last week and the week before, once again led trade in the region.
The USA closed with a strong 10.9% share of traded value. Screaming Eagle accounted for 26.2% of the region’s trade, followed closely by Opus One with 25.6%.
Tuscany and Piedmont both enjoyed an increase in share of trade value. In Piedmont, Barolos took center stage, with Gaja’s Barolo Sperss 2009 trading most actively. In Tuscany, alongside high-volume trades of Isole e Olena’s Cepparello 2021, two vintages of Poggio di Sotto’s Rosso di Montalcino featured amongst the top five traded in the region (2017 and 2018).
The Rhône almost doubled its trade share, up from 2.4% last week to 4.7% this week. Château Rayas accounted for 37.7% of the region’s trade, with the 2011 and 2012 Châteauneuf-du-Papes coming in as the top two traded.
What were the week’s top-traded wines?
Following its release via La Place de Bordeaux earlier in the week, Opus One 2021 has climbed to the top of the list of top-traded wines by value. As we reported in our coverage, this new vintage was fairly priced relative to other vintages available on the market. While offered internationally at £3000 per 12×75, the wine traded on Liv-ex this week at £2,634 – a 12.2% discount.
Isole e Olena’s Cepparello 2021 once again featured amongst the top five by both value and volume, trading flat on last week’s price of £696 per 12×75.
Château Latour 2003 took the fourth spot. This week, the wine traded between £6,254 and £6,589 per 12×75. While the wine is trading well above its initial international release price of £1,950, it has now reached its lowest 2021 price of £6,490. Next week, Latour 2009 will be re-released via La Place de Bordeaux. The wine last traded on the exchange at £8,600 per 12×75.
Liv-ex trades of Château Latour 2003
Top-traded wines by volume
Château Beychevelle 2021 came in second place amongst the top-traded wines by volume. Last week, the wine traded at £626 per 12×75 and this week at £664. While the wine is still trading below its initial release price of £706, recently increasing demand for the wine may indicate that it has found its floor.
Liv-ex trades of Château Beychevelle 2021
Weekly insights recap
This week, Liv-ex members were sent a technical analysis and market sentiment update on Petrus. An update on Liv-ex’s major indices was published. Several releases via La Place de Bordeaux 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.
