Recent trading activity
Wines from Burgundy and Champagne led mid-week trading activity. The most in-demand wine this quarter, Louis Roederer Cristal 2014, saw multiple trades around its current Market Price of £2,500 per case. Cristal 2012 was also subject to continued interest, as Champagne took 20.7% of total trade.
Within Burgundy, which accounted for 25.6% of the market, Clos de Vougeot (12.8%) and Gevrey-Chambertin (11.6%) were most active, thanks to the wines of Domaine Tortochot and Méo-Camuzet. The 2019 vintage continues to lead Burgundian trade.
Burgundy’s market evolution
Burgundy hit a trading milestone last month when its weekly trade share surpassed 50% of the total market – a share only Bordeaux has reached historically. In some markets, such as Asia and the UK, Burgundy has already become the most traded fine wine region.
Year-to-date, Burgundy’s share of the total market stands at 26.3%, up from 22.0% last year, and just 5.3% 10 years ago. The number of unique wines traded (LWIN11s) is also up 3.6% compared with Q1-Q3 2021 – a sign that there is still room for broadening.
At the appellation level, Burgundy’s secondary market trade this year has been led by Romanée-Conti (7.2%), Vosne-Romanée (6.6%) and, notably, the white wine appellation of Montrachet (5.9%).
There has been growing demand for Burgundian white wine, which has accounted for 21.6% of the region’s secondary market trade so far this year, compared with 20.5% in 2021. Besides Montrachet, the leading buying destinations for Chardonnay have been Meursault, which has taken 15.5% of Burgundy’s white wine trade, and Corton-Charlemagne at 10.6%.
Opportunities to buy Burgundy
There are over 5,800 LIVE Burgundy opportunities on the exchange.
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 600 merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £80m of bids and offers across 16,000 wines. Independent data, direct from the market.
