Recent trading activity
Champagne’s share of trade has begun to fall behind Bordeaux and Burgundy as the week has progressed. Louis Roederer Cristal 2014 remained in demand but Champagne’s share fell to 14.5% of the total.
Meanwhile, trade for Petrus 2014, 2015 and 2016 boosted Bordeaux’s trade share to 46.5%. Burgundy accounted for 21.8%, with white wines including Coche-Dury Meursault 2020 and Joseph Drouhin Montrachet Clos de Laguiche 2019 trading.
Burgundy buyers find value in the white grands crus
Prices shown in the table are Liv-ex Mid-Prices.
Among the Liv-ex 1000 sub-indices, the Burgundy 150 has been the best-performer year-to-date, up 27.6%. Although Champagne has overshadowed Burgundy over the past year, prices for its top wines have risen 22.3% year-to-date.
An in-depth look at the wines within the Liv-ex 1000 index shows that the top-performers have all been Burgundies too. What is more, they have predominantly been white Burgundies, with Domaine Leflaive dominating the rankings.
As the table above shows, of the wines in the Burgundy 150, Leflaive’s Bâtard-Montrachet Grand Cru 2014 has been the best price-performer with a 110.2% increase.
However, with prices continuing to climb, there are still opportunities in many of the region’s great white wines.
This March we examined which of the region’s grands crus offered the best value for buyers on average.
Unsuprisingly, certain white grands crus were among the most expensive in Burgundy – such as Montrachet or Chevalier-Montrachet.
However, the grands crus of Bâtard-Montrachet and Corton-Charlemagne were among the best value Burgundies on the market.
Due to its fame and popularity, Domaine Lelflaive’s pricing is something of an exception to this. Even so, its Bâtard-Montrachet 2014 is available at a 63.3% discount to Domaine Armand Rousseau’s Chambertin 2014.
Meanwhile, Domaine Bonneau-du-Martray’s Corton-Charlemagne 2014 is available at an 86.2% discount to the Rousseau and 62.3% less than the Leflaive.
LIVE opportunities for white Burgundy
There are currently 1,744 LIVE offers for white Burgundy 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.
