Every Friday, we take a look at activity on the fine wine market in our weekly ‘Talking Trade’ post. Highlights from the past week include:
- Bordeaux continues to lead weekly trade as the region’s Bordeaux 2022 En Primeur campaign continues.
- Four wines from the 2020 vintages were among the most active wines this week.
- Liv-ex published a summary of Bordeaux 2022 scores from Neal Martin along with an interview of the critic with Anthony Maxwell.
Regional trade in the past week
As the region’s En Primeur campaign progresses, Bordeaux has continued to lead weekly trade, accounting for 38.9% of total trade by value. Nevertheless, this is down slightly on the previous week when it was 46.5%.
Champagne’s trade share also fell this week from 14.2% to 5.1%, while Piedmont saw a decrease from 3.7% to 3.3%.
Meanwhile, trade for USA wines increased, accounting for 10.1% of the total. As the table below shows, Caymus 2020 was among this week’s top traded along with Opus One and Screaming Eagle.
Tuscany was also up, from 5.6% to 10.5% with labels such as Tignanello 2020, Ornellaia 2009 and Sassicaia 2017 all trading.
Burgundy, the Rhône and the ‘Others’ category all improved their trade shares, coming in at 26.5%, 1.8% and 3.8% respectively.
This week’s top-traded wines
As seen in the table above, four of the most active wines this week are from the 2020 vintage including Petrus 2020, Carruades de Lafite 2020, Caymus 2020 and Coche-Dury 2020.
Carruades de Lafite’s 2022 vintage was released earlier this week as part of the Bordeaux 2022 En Primeur campaign (more on this below).
Mouton Rothschild 2016 also featured in the top five and was scored 100 points by Lisa Perrotti-Brown MW (The Wine Independent) who called it ‘Gorgeous!’ Its last trade price of £5,940 represents a 12.8% increase since release (£5,180 per 12×75).
Bordeaux 2022 En Primeur campaign updates
Wines from Bordeaux’s 2022 En Primeur campaign are finding their way onto the secondary market. Some are being offered at premiums to their original offers but others are being offered with reductions of up to 15%.
Carruades de Lafite 2022 and Cheval Blanc 2022 both traded at small premiums to their release prices last week: Carruades de Lafite 2022 last traded at £2,735 per 12×75, a 21.2% premium. While Cheval Blanc 2022 traded at £6,376, a 10.7% increase.
In other news, Neal Martin was once again voted the most influential and trusted En Primeur critic by the trade as part of Liv-ex’s most recent En Primeur survey.
Earlier this week, Vinous published Neal Martin’s Bordeaux 2022 scores and tasting notes. In his vintage report, the critic identified three exceptional wines, which he referred to as ‘snow-capped peaks,’ with the potential for ‘perfect scores’.
This week’s key En Primeur releases are listed below:
- Château Lafleur 2022,€610 per bottle
- Château Batailley 2022, €29.50 per bottle
- Château Duhart-Milon 2022, €60 per bottle
- Carruades de Lafite 2022, €180 per bottle
- Château Monbousquet 2022, €39 per bottle
- Château du Tertre 2022, €30 per bottle
- Château Chasse-Spleen 2022, €24 per bottle
- Château Beychevelle 2022, €67.50 per bottle
- Château Suduiraut 2022, €48 per bottle
- Château Climens 2022, €106.25 per bottle
Weekly insights recap
This week Liv-ex also published a summary of Lisa Perrotti-Brown’s Bordeaux 2022 report. On the 9th of May, Neal Martin also sat down with Liv-ex’s Anthony Maxwell to discuss his book, The Complete Bordeaux Vintage Guide, the 2022 vintage and where the value lies for collectors of Bordeaux.
Our Bordeaux En Primeur 2022 page contains everything you need to know about this year’s campaign. You can also sign up for our daily En Primeur email alerts using the form below.
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 630+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 16,000 wines.
