- Bordeaux led weekly trade, closely followed by Burgundy, Champagne and Tuscany.
- Three Domaine de la Romanée-Conti wines featured amongst the top five traded by value.
- This week, Liv-ex members were sent a Market Update on the Vega Sicilia index. The October Market Report was also published for members on a Silver package or above. A one-page excerpt is available for all members to read.
Bordeaux maintained its lead of the market, taking a 39.2% share of traded value. Le Pin overtook Château Lafite Rothschild as the top-traded wine of the region. Six different vintages saw trade, including the 2009, 2010 and 2005.
Following a succession of weak closes, Burgundy has regained its foothold on the market, taking almost 30% of traded value. The region was buoyed by high value wines from producers such as Domaine de la Romanée-Conti, Prieure Roch and Armand Rousseau.
With over 70% of trade this week concentrated in Bordeaux and Burgundy, other French regions suffered weak closes. Champagne’s trade share fell from 14.1% last week to 8.8% and the Rhône’s trade share remained low at 2.1%.
Tuscany’s share fell from 9.4% last week to 6.2% this week. Tenuta San Guido’s Sassicaia 2021 remained popular, accounting for 18.1% of the region’s trade. The wine’s price has fallen over the course of 2024 – it first traded in March at £3,114 per 12×75. Increasingly frequent trading activity over the past two months indicates it may be stabilising around the £2,500 – £2,600 mark, flat on its ex-London release price.
The USA’s trade share fell slightly week-on-week, but remains above 5%. Harlan Estate overtook Opus One and Screaming Eagle’s Oakville Cabernet Sauvignon as the top-traded producer, accounting for 31.8% of the region’s trade.
What were the week’s top-traded wines?
Wines from Domaine de la Romanée-Conti took the first, second and fifth places amongst the top-traded wines of the week. The Corton-Charlemagne 2020 traded on the exchange for the first time this week at £50,000 per 12×75. In June, two bottles sold at auction in Hong Kong for £9,555 (equivalent to £57,330 per 12×75).
In September, we published an update on the Liv-ex DRC index. At that time, technical analysis suggested prices of DRC were set to continue falling. In line with this prediction, the 2019 vintage of Romanée-Conti Grand Cru traded this week at its lowest-ever price, and the 2015 at its lowest price since 2021.
Château Latour 1982 came in as the fourth top-traded wine by value. Widely regarded as a legendary vintage of Latour, it should continue to drink well for the next two decades. Having been on the market for over forty years, it is becoming increasingly illiquid. The wine’s scarcity and impressive critical reception has protected its price through the downturn of the market – 12×75 packs have traded consistently between £20,000 and £22,000 since early 2018.
Liv-ex trades of Château Latour 1982
Top-traded wines by volume
Château Ducru-Beaucaillou 2018 came in as the top-traded wine by volume and third top-traded by value. Trading prices have now fallen below the wine’s ex-London and ex-negociant release prices (£1,728 per 12×75 and € 139.6/btl respectively). This week’s trades at £1,370 mark Ducru-Beaucaillou 2018’s lowest-ever transaction price.
Liv-ex trades of Château Ducru-Beaucaillou 2018
Weekly insights recap
This week, Liv-ex members were sent a Market Update on the Vega Sicilia index. The October Market Report was also published for members on a Silver package or above. A one-page excerpt is available for all members to read 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.
