Each Friday, we take a look at activity on the fine wine market in our weekly ‘Talking Trade’ post. Highlights this week included:
- Every region except the USA improved their weekly shares of trade this week.
- Chateau Lynch-Bages 2016 was this week’s top traded wine, while First Growth, Chateau Margaux 2006 traded at an all-time high.
- Weekly insights included pricing analysis on Ornellaia 2020 and Ao Yun 2019 ahead of their releases.
Regional trade this week
The USA’s trade share fell to 2.0% this week, after several high-value wines from California drove the cateogry to a high of 15.8% last week.
As a result, every region’s share of trade by value improved this week. However, Bordeaux, the Rhône and Tuscany remained below their February averages.
Burgundy had a particularly strong week, with 29.9% of total trade by value – up on its February average of 21.3%. This was part in thanks to some high-value trades of Domaine de la Romanee-Conti La Tache, Domaine Comte Georges de Vogue Musigny, Coche-Dury Meursault and Domaine Leroy.
This week’s top traded
The top traded wines this week came from Bordeaux, Champagne and Tuscany.
From Champagne, two Louis Roderer Cristal wines made it into the top five: Louis Roederer Cristal 2005 and Louis Roederer Cristal Rosé 2013. Super Tuscan, Tignanello 2019 was also active.
However, Chateau Lynch-Bages 2016 was in the top spot. It’s last trade price of £1,270 per 12×75 represents an 13.4% increase on release (£1,120 per 12×75).
Jane Anson (Inside Bordeaux) scored the wine 99-points in March 2022 and said it was ‘great stuff’, adding ‘this is one to savour over the long term’.
First Growth Chateau Margaux 2006 was also among the most active wines and last traded at £4,218 per 12×75. Excluding a trade for an Imperial in August 2021 (which often trade at a premiums), the wine’s last trade price represents an all-time high for the wine.
Chateau Margaux 2006 trades on Liv-ex
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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.
