Recent trading activity
The new year started with heightened demand for Bordeaux and Champagne. Jacques Selosse Initial Blanc de Blancs Grand Cru NV and Château Lynch-Bages 2008 came at forefront of trading activity. The latter last changed hands at £1,100 per 12×75, an increase of 215.2% on its release price.
Burgundy was the third most active region, led by its most recent 2020 and 2019 vintages. Pierre Girardin Echezeaux Grand Cru 2020 and Domaine Francois Raveneau Chablis 2018 fell in the spotlight.
Record opportunities on Liv-ex
There are currently a record number of buying opportunities on Liv-ex (£64.4m) and a record number of wines on offer (14,000).
Burgundy and Bordeaux make up nearly half of all offers, accounting for shares of 25.7% and 21.8% respectively.
Behind them Piedmont and Tuscany account for 11.7% and 10.1% respectively. Champagne and the Rhone follow closely at 6.3% each, while California accounts for 3.6% of all offers.
The most offered vintages are 2018 (12.0%), 2019 (11.4%) and 2017 (9.3%).
Market sentiment
Although the majority of offers by value are from Burgundy, Bordeaux currently has the stronger market sentiment as measured by the bid-offer ratio.
As highlighted in our recent report on the fine wine market in 2022, Bordeaux has a bid to offer ratio of 0.7 compared to Burgundy’s 0.3.
The bid to offer ratio compares the total value of bids to the total value of offers. The ratio’s aim is to indicate the level of demand. Historically we have found a bid:offer ratio of more than 0.5 results in stable or rising prices.
There are currently over £64.4m LIVE opportunities on your 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.
