- Bordeaux led weekly trade, followed by Burgundy, Champagne, and Tuscany
- Remy Martin, Louis XIII, Grande Champagne Cognac led trade by value
- This week, Liv-ex members were sent a Market Update on what price levels are currently reinvigorating demand for Bordeaux wines
Bordeaux took a 31.0% share of traded value, slightly down on last week’s close (31.8%). Château Haut-Brion edged Château Lafite Rothschild to be the region’s top-traded producer by value (11.4% vs 10.4%). Alongside trades for multiple vintages of Haut-Brion Rouge, Haut-Brion Blanc 2012 and 2008 also changed hands.
Burgundy slipped back this week, taking 18.5% of trade value, well down on last week’s close (26.3%). Similarly to last week, Domaine de la Romanée-Conti was the region’s top-traded producer, although its share was significantly below last week (16.5% vs 30.0%). An assortment case of the 2020 vintage changed hands.
Champagne’s share of trade was up on last week (15.6% vs 11.6%). Dom Pérignon was again the region’s top-traded producer by value (25.5%), and the second-top traded producer overall. Snapping at Dom Pérignon’s heels was Louis Roederer, with Cristal 2015 trading at £1,750 per case, 32.7% below its release price.
Tuscany closed slightly down on last week (10.1% vs 11.1%). The region was propped up by Fattoria le Pupille, with Saffredi 2021 trading in significant volumes to account for 33.0% of the region’s trade. Masseto and Soldera Case Basse traded in much lower volumes but higher prices to close as Tuscany’s second- and third-most traded producers by value.
It was a similar story in Piedmont, where Giacomo Conterno accounted for 40.5% of the region’s trade by value. The 2020, 2018, and 2017 vintages of Barolo Francia traded. Joining these higher value Barolo trades was Produttori del Barbaresco, with the 2020 Barbaresco trading in high volumes.
The USA took 6.0% of traded value, almost flat on last week (5.8%). Opus One accounted for 43.2% of US trade, the 2018 changing hands in volume at £2,664 per 12×75, 18.0% below its original release price.
What were the week’s top-traded wines?
This week, it was a Cognac that led trade. Remy Martin, Louis XIII, Grande Champagne Cognac traded at £5,400 per 3×70, 10.0% below its most recent trade in July.
Decent volumes of Fattoria Le Pupille, Saffredi 2021 changed hands at £564 per 12×75 helping it to second place. First released at the end of 2023, it is a favourite of Suckling who awarded it 99 points.
Dom Perignon, Tribute to Jean-Michel Basquiat 2015 traded in volume at £1,804 per 12×75. This price puts it at a premium of just £54 (or 3.1%) per case to the June 2024 release price of the standard 2015 bottling (£1,750 per 12×75). However, the standard bottling also traded this week at £1,424 per case, its unadorned label now available at a 21.0% discount to the Basquiat edition.
Vega Sicilia Unico 2013 came in fourth place. US buyers have driven a significant increase in demand for Vega Sicilia Unico this year, accounting for 65.5% of trade value (compared to an average of 35.1% across all trades). This week, 80.4% of purchases of the 2013 came from the US. With Liv-ex’s new Regional Benchmarks (available for Silver+ members), we can infer that US buyers are taking advantage of appealing prices from overseas. The most recent trade for the 2013 occurring at £2,620 per 12×75, 30.4% below the US Regional Benchmark which is equivalent to £3,767 ($4,863).
Vega-Sicilia Unico 2013 Regional Benchmark pricing
Chateau Lafite Rothschild 2009 came in fifth place, with trades struck at £5,914 per 12×75. This is just below its ex-chateau release price (€ 600 per bottle, equivalent to £5,976 using the current exchange rate). This is also under half its ex-London release price, and just 41.2% of its max trade price (£14,350 in February 2011).
Liv-ex trades of Lafite 2009
Top-traded wines by volume
As mentioned above, Fattoria Le Pupille, Saffredi 2021 and Produttori del Barbaresco, Barbaresco 2020 traded in high volumes this week. The latter has seen a noticeable uptick in trade recently, with the market seemingly having settled at a price of £160 per 12×75.
Liv-ex trades of Produttori del Barbaresco, Barbaresco 2020
Weekly insights recap
This week, Liv-ex members were sent a Market Update on what price levels are currently reinvigorating demand for Bordeaux wines.
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.
