Recent trading activity
Weekend activity centred around Burgundy, which represented 42.5% of all trade. Bordeaux meanwhile took just 22.4%. Its most in-demand vintages were 2010 and 2019. From the region’s 2020 vintage, which is soon to be become physical, Château Mouton Rothschild changed hands at £6,032 per 12×75, up 16.1% on its release price.
Champagne (12.3%) and California (7.3%) were the next most traded regions. Dom Pérignon Rosé 2008 was the most traded wine this weekend.
Bordeaux 2020 hits the market
A year and a half since the Bordeaux 2020 En Primeur campaign, the wines are soon to become physical. The UK trade will have the opportunity to taste some of them in-bottle today at the Bordeaux Grands Crus Classés 2018-2021 event before the official UGCB European tour in November.
The 2020 vintage was heralded as the third in a ‘trilogy’ of high-quality vintages, alongside the 2018 and 2019. In terms of release prices, the 2020 wines were offered at a 27.9% premium on the Covid-discounted 2019s and at a 3.4% discount to he 2018s.
On the secondary market, the vintage has so far enjoyed limited activity, with 86 different wines trading. Château Les Carmes Haut-Brion 2020, which was one of the best-rated vintages of recent times and offered value at release, has been at the forefront of buying demand. It has been followed by Château Angélus, which has been trading around its release price.
While the overall success of the 2020 campaign was limited, some of the wines have delivered impressive returns on investment. Château Lafleur, for instance, has risen over 145%. The wine was one of the best-value releases in the context of its previous vintages for those lucky enough to have secured an allocation.
There is, however, still value to be had: Haut-Batailley (-12.7%), Pape Clement (-13.6%), Haut-Brion (-5.7%) and L’Evangile (-4.5%) are all down on their original release prices.
Opportunities to buy Bordeaux 2018-2021
There are currently over 1,000 LIVE opportunities for Bordeaux’s 2018-2021 vintages.
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.
