- Bordeaux led weekly trade, followed by Burgundy, Champagne and Tuscany.
- Le Petit Mouton 2021 and Carruades de Lafite 2020 both featured amongst the top-traded wines by value.
- This week, Liv-ex members were sent a Market Update on the bid-offer spread of the Liv-ex Fine Wine 50. An update on the September movements of the major Liv-ex indices was also published.
Bordeaux strengthened its lead in the market, taking a 40.9% share of traded value, up on last week’s close at 37.9%. The First Growths’ second wines traded more actively on the exchange than usual. More than twice as much Carruades de Lafite changed hands than the flagship Château Lafite Rothschild (by litre volume). The 2022 vintage of Carruades traded physically for the first time this week at a 23.7% discount to its ex-London release price, which has likely spurred interest in back vintages.
Burgundy’s trade share fell slightly from 19.0% last week to 17.8% this week.
Champagne had a weak September, with Tuscany overtaking it to finish the month as the third top-traded region by value. It has recovered somewhat this week, thanks in part to high-volume trades of Dom Pérignon 2015 and Rare 2008.
The USA’s trade share was flat on last week at 5.9%. In the indices update published yesterday, we noted that Mid Prices of most of the recent vintages of Screaming Eagle’s Oakville Cabernet Sauvignon had fallen over the course of September. Prices have likely been negatively affected by the recent strengthening of Pound Sterling against the US Dollar. Still, the wine was the top-traded in the region this week, accounting for 21.2% of traded value of USA wines.
Spain regained some footing in the market, taking 2.8% of traded value. Vega Sicilia Unico was by far the most actively traded Spanish wine, accounting for 70.5% of traded value.
What were the week’s top-traded wines?
Dom Pérignon 2015 came in as the top-traded wine of the week by both value and volume. While the wine was released in June this year at a recommended selling price of £1,750 per 12×75, most UK retailers opted to list it at around £1,700. This week, it traded at £1,424 – an 18.6% discount to the initial recommended price.
Le Petit Mouton de Mouton Rothschild 2018 and Carruades de Lafite 2020 both featured amongst the top traded wines of the week. Trading prices of Carruades de Lafite 2020 have almost halved since the peak of the market in late 2022, when the wine sold for £3,040 per 12×75. Its trading prices this week hovered above its ex-château price (€ 140/btl), but below its ex-negociant price (€ 170/btl).
Liv-ex trades of Carruades de Lafite 2020
Château Trotanoy 2018 has seen minimal activity over the past year, but traded actively this week at its lowest-ever price (£1,073 per 12×75).
Top-traded wines by volume
Château Climens 2005 traded several times at its lowest-ever price this week — 41.7% below its ex-château release price of € 60/btl. Receiving a 95-point score from Neal Martin (Vinous) and within its drinking window until 2040, it may present interesting value to buyers.
Liv-ex trades of Château Climens 2005
Weekly insights recap
This week, Liv-ex members were sent a Market Update on the bid-offer spread of the Liv-ex Fine Wine 50 over time. An update on the movements of Liv-ex’s major indices in September was also published and is available for all to read.
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.
