- Bordeaux led weekly trade, closely followed by Burgundy and Champagne.
- Three Burgundies and two Pomerols comprised the top-traded wines by value.
- This week, Liv-ex members were sent a Market Update on price ratio of second wines to first wines over time. A Liv-ex Insider video, in which founders James Miles and Justin Gibbs explain the role of an exchange, was also released.
Bordeaux’s share of trade decreased from 39.2% last week to 32.3% this week. Le Pin comprised 13.2% of the region’s traded value, overtaking Château Mouton Rothschild with 10.2% and Château Lafite Rothschild with 9.9%.
Burgundy had another strong close this week, taking a 28.4% share of traded value. Domaine Armand Rousseau was the top-traded producer of the region, followed by Domaine de la Romanée-Conti and Domaine Leroy.
Champagne closed with a 12.5% share of traded value. Dom Pérignon was by far the top-traded producer, the 2008 vintage (of several cuvées) proving most popular.
40% more trades of Piedmont wines took place this week than last week, resulting in a 168.2% increase in traded litre volume. US buyers led the charge, accounting for 64.8% of trades. The region’s trade share increased from 2.6% last week to 6.4% this week, putting it in fourth place, just behind Tuscany and ahead of the USA. Produttori del Barbaresco was the region’s top-traded producer, constituting 23.3% of traded value.
The USA’s share of trade decreased from 5.2% last week to 4.5% this week. Opus One 2018 was the region’s top-traded wine by value, changing hands at £2,616 per 12×75, 5.2% below its ex-London release price.
In the realm of spirits, a single 70cl bottle of Glenfarclas Highland Single Malt 40YO traded for £600, 22.8% below its current best listed price (£777 per bottle).
What were the week’s top-traded wines?
High-value wines led the market this week, with the five top-traded by value comprised of Burgundy and Pomerol’s heavyweights. It would appear that buyers are taking advantage of downwards momentum in the market to obtain wines that should yield the highest nominal margins when prices rise again.
Domaine Armand Rousseau’s Charmes-Chambertin Grand Cru 2016 was the top-traded wine of the week by value. It changed hands in decent volumes at £7,500 per 12×75.
Domaine Leroy’s Romanée-Saint-Vivant 2008 traded for the first time on Liv-ex this week. In January this year, it sold at a Zachys auction in New York at £44,270 per 12×75, 57.4% below this week’s trade price of £104,000 per 12×75. The current Market Price, the best price listed online, is sitting at £192,200.
Petrus 2009 came in as the fifth top-traded wine by value, changing hands at £34,000 per 12×75 in original packaging. The last time the wine traded below £35,000 was in August 2021.
Liv-ex trades of Petrus 2009
Top-traded wines by volume
Produttori del Barbaresco, Barbaresco 2020, the second top-traded wine of the week by volume, has seen a recent uptick in trading activity. It changed hands several times this week at c.£170 per 12×75.
This week’s trade prices of Château Climens 2005 are notably low, especially given its impressive critical response. The wine received a score of 95 points from Neal Martin (Vinous) and 94 points from William Kelley (Wine Advocate) and should remain within its drinking window until 2040. It last traded at £355 per 12×75, below its ex-château release price. The relatively high frequency of trades this week may indicate that its price has now found its floor.
Liv-ex trades of Château Climens 2005
Weekly insights recap
This week, Liv-ex members were sent a Market Update on the price ratio of second wines to first wines over time. A Liv-ex Insider video, in which founders James Miles and Justin Gibbs explain the role of an exchange, was also released. It 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.
