- Bordeaux led the market, followed by Burgundy. Champagne and the US were neck and neck in third and fourth place.
- Screaming Eagle 2022 was the top-traded wine by value, following its allocation release earlier this week.
- This week, Liv-ex members were sent an update on the Burgundy 2023 En Primeurs, including a summary of Neal Martin’s scores and commentary. They were also sent a Market Update on scarcity vs. Pricing in Champagne, considering Cristal, Dom Pérignon and Salon.
After a strong close last week, Bordeaux returned to its December average, taking 30.3% of traded value. High value Pomerols led the region – Le Pin 2001 and the 2010 and 2001 vintages of Petrus were amongst the region’s top five wines by traded value.
Burgundy followed with 19.2% share of traded value. The 2022 vintage remained popular, accounting for 28.1% of traded value.
Tuscany had a fairly strong week, closing with an 11.1% share of traded value. Three wines from Soldera Case Basse were amongst the region’s top-traded – the 2013 100% Sangiovese, and the pre-declassification 1994 Brunello di Montalcino and Brunello di Montalcino Riserva.
The US had a very strong week, thanks largely to trades of Screaming Eagle, Oakville Cabernet Sauvignon 2022. The region closed with a 13.5% share, up on its close last week at 4.6%. Opus One 2021 and Harlan Estate 2018 were the second and third top-traded wines.
Champagne took a 14.2% share of the market. While Dom Pérignon was the region’s top-traded producer, Jacques Selosse’s Lieux-Dits Collection was the region’s top-traded individual case by value. Prices have remained stable since April 2024, changing hands this week between £2,828 and £2,869 per 6×75 (equivalent to £5,656-£5,738 per 12×75).
Breakdown of buyer geography
Asian buyers have continued to strengthen their position in the market, taking 12.1% of traded value this week. Unlike last week, where they concentrated 75% of their buying in Bordeaux, this week saw an even split between Bordeaux and Burgundy. Domaine Leflaive and Domaine Bonneau du Martray were their producers of choice in Burgundy, and Château Mouton Rothschild in Bordeaux.
US and EU buyers were neck-and-neck, accounting for 31.9% and 30.1% of purchasing respectively. EU buyers were particularly influential in Tuscany (62.5% of the region’s trade) and US buyers, in Champagne (49.8% of the region’s trade).
What were the week’s top-traded wines?
Screaming Eagle 2022 was the top-traded wine of the week, immediately following its allocation release. It traded between £22,900 and £23,300 per 12×75. The 2021 vintage, receiving a perfect 100-point score from Antonio Galloni (Vinous) last traded at £22,000 per 12×75, a 9.4% discount to its Market Price.
N.B. The 2022 vintage is not yet listed online, and hence does not have a Market Price. In the above chart, an approximate median trade price of £23,100 is used in lieu.
Le Pin 2001, the fifth top-traded wine of the week, changed hands at its highest ever trade price of £37,360 per 12×75. Produced in tiny quantities and having had 23 years to filter through the market, prices have appeared to benefit from its scarcity. Since H2 2024, its Market Price has been rising and now sits at £45,128.
Liv-ex trades of Le Pin 2001
Top-traded wines by volume
Yamazaki Single Malt 12O was amongst the top-traded wines by both value and volume. This week’s trade price marks a 10.7% discount to its last trade in July 2023.
Tignanello 2016 also featured amongst the week’s top-traded wines by both value and volume. Trade had slowed slightly in H2 2024, with prices faltering several times below the £1,300 per 12×75. It changed hands several times this week, with prices consolidating around £1,500, flat on H1 2024 prices.
Liv-ex trades of Tignanello 2016
Weekly insights recap
This week, Liv-ex members were sent an update on the Burgundy 2023 En Primeurs, including a summary of Neal Martin’s scores and commentary. They were also sent a Market Update on scarcity vs. Pricing in Champagne, considering Cristal, Dom Pérignon and Salon.
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 £140m of bids and offers across 20,000 wines.
