Yesterday’s trading activity
German, French, Italian, Spanish and US wines provided an eclectic mix of trade over the weekend and into Monday.
The top-selling wine by value was a 2017 assortment case of grosse lage wines from Keller (£4,350 per 12×75). We covered the growing trade in German wine this April.
Jacques Selosse’s Rosé Brut traded at a new high (£3,400 per 6×75) and there was demand for Krug’s Grande Cuvée and Solaia 2015.
In volume trade there was activity around the 2017 and 2019 vintages of Psi from Dominio de Pingus and the 2018 Cabernet Sauvignon from LVMH’s newest acquisition, Joseph Phelps.
Buyers continue to seek value in Burgundy grands crus
The weekend trade was led by trade for Burgundian grands crus, specifically; Domaine Fontaine-Gagnard’s Criots–Bâtard-Montrachet 2020, Domaine Louis Jadot’s Chambertin Clos de Bèze 2010 and Maison Louis Jadot’s Montrachet 2019.
This was followed on Monday (4th July) by Henri Boillot’s Montrachet 2020. The Burgundy market continues to broaden apace. To the end of June 1,394 distinct Burgundian wines (measured as LWIN7s) have traded on the exchange, compared with 1,315 at the some point in 2021.
The broadening Burgundy market is being fueled by the search for value. As the region’s blue-chip labels continue to soar in price buyers are switching to other domains that offer the same or similar in terms of grand and premier cru wine.
In May we looked at the ‘best value grands crus’ in Burgundy. The average price per case (12×75) across the grands crus of Côte d’Or is £5,720, and this drops to £4,600 when excluding the four most expensive appellations.
Montrachet remains one of the most expensive grand crus in Burgundy and by far the most expensive white. Nonetheless, there is value to be had in satellite areas such as Batard-Montrachet, Bienvenues-Batard-Montrachet which are less expensive than the average grand cru price.
Opportunities to trade Montrachet
Go to the exchange to find all Burgundy LIVE opportunities, including 99 LIVE bids and offers for Montrachet, among over 2,000 opportunities across all Burgundian grands crus.
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 580+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 16,000 wines. Independent data, direct from the market.
