Recent trading activity
The first ever trade for a Greek wine on the secondary market happened yesterday (19th October). From Santorini, Gaia’s Assyrtiko Wild Ferment 2020 changed hands at £346 per 12×75.
There was also the first trade for Château Musar’s 2014 white wine, which sold for the equivalent of £402 per 12×75.
Bordeaux led mid-week trading activity, taking 31.5% of the total market. It was once again followed by Champagne (24.2%), which has overtaken Burgundy (17.4%) as the second most-traded fine wine region over the last week.
Burgundy, Champagne and Piedmont lead market broadening
The total number of wines traded from Q1 to Q3 this year has surpassed the level reached during the same period in 2021 (measured as LWIN11s).
In the first three quarters of the year, 9,410 LWIN11s traded on Liv-ex, compared to 9,339 in 2021.
Burgundy leads the number of wines traded, with 3,492 unique wines – a 5.3% increase on the same period last year.
Champagne has also seen substantial increases, with 18.2% more wines trading in 2022. This topic explored is explored further in our latest report on the region.
Less dominant regions on the secondary market have also enjoyed more substantial increases.
For instance, the number of Australian wines trading has risen 17.7%. This is despite the country’s secondary market shrinking as a result of the Chinese tariffs announced in April 2021. However, Australian wines have made up just 2.4% of the total this year.
Germany has also seen a 6.9% rise in the number of wines traded year-on-year, while Piedmont and Spain are up 4.7%.
Other regions, like Bordeaux and Tuscany, have lagged behind this broadening trend, with 10.9% fewer Bordeaux wines trading and 3.5% fewer from Tuscany.
It remains to be seen how many regions will manage to break their 2021 records by the end of the year and what this might mean for the secondary market.
Current Live Opportunities
There are currently over 20,000 LIVE opportunities for fine wines from regions ranging from Greece to Champagne.
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.
