Recent trading activity in the fine wine market
Bordeaux and Burgundy have continued to lead regional trade by value over the weekend with 39.8% and 21.0% of trade respectively. Le Pin continued to see activity with 2009 and 2015 vintages trading while Château Margaux 2009 lead the First Growth pack since Friday.
Champagne is also holding firm with a regional trade share of 14.5%, buoyed by Bollinger’s La Grande Année 2014, Taittinger’s Comtes de Champagne Blanc de Blancs 2011, and Krug’s Grande Cuvée 170ème Édition NV all trading over the weekend.
Spotlight on Bordeaux 2014 wines
As the Bordeaux 2014 vintage approaches its tenth anniversary, we anticipate a surge of “ten years on” retrospective tastings in 2024, bringing attention to this frequently overlooked vintage.
In a series of updates, we will be highlighting the value to be found in this vintage and a number of opportunities to take advantage of before 2014 wines come back into the spotlight.
The Bordeaux 2014 wines currently trading below Market Price
In our analysis of 2014 Bordeaux wines last week, we focused on wines that have the highest score according to Neal Martin. This week, we identify the 2014 wines in the Bordeaux 500 that have last traded below their Market Price, a reflection of the movements witnessed in the broader fine wine market. Falling prices across the board provide opportunities for active bidders on Liv-ex to secure good deals, and strategic pricing strategies enable sellers to move their stock amid challenging market conditions.
For example, Château Smith Haut Lafitte 2014, initially released at £440 per case, has seen its current Market Price rise to £724 per case, a 64.6% increase. However, it last traded at £496 per case, 31.5% below its Market Price. As shown in the chart below, trade occurred at the best live bid price, once again indicating that bidding – even at a low price – can be a winning strategy in the current market.
Château Smith Haut Lafitte 2014 trades on Liv-ex
Château Angélus 2014 received an even higher score with 96 points from Neal Martin (Vinous). The wine’s release price of £1,700 per case has increased to a current Market Price of £2,870 per case, a 68.8% increase. The wine last changed hands at £2,439 per case, 15.0% below its Market Price, and has been active around that level previously too, as per the chart below.
Château Angélus 2014 trades on Liv-ex
Château Ausone 2014 received a 95-point score from Neal Martin (Vinous). Initially released at £3,430 per case, the wine’s current Market Price is £5,204 per case, a 51.7% increase. The most recent trade occurred at £4,620 per case, an 11.2% discount from its Market Price.
Château Ausone 2014 trades on Liv-ex
Château Pontet-Canet 2014 received a score of 92 points from Neal Martin (Vinous) and was priced at £648 per case upon release. The wine’s Market Price has risen to £720 per case, marking an 11.1% increase. The most recent trade occurred at £660 per case, 8.3% below its Market Price. The wine’s previous peak at £760 per case in April 2023, as seen in the chart below, suggests that there may still be room for further growth.
Château Pontet-Canet 2014 trades on Liv-ex
Château Beychevelle 2014 was scored 90 points by Neal Martin (Vinous) and was released at £415 per case. The wine has a current Market Price of £990 per case, an impressive 138.5% increase in value since its release. The most recent trade occurred at £938 per case, a 5.3% discount from its Market Price and therefore provides opportunities for buyers to secure the wine at a favourable price.
Château Beychevelle 2014 trades on Liv-ex
There are currently 190 LIVE bids and offers on 2014 Bordeaux wines on Liv-ex. Log in to the exchange to see them and trade.
In case you missed it:
Here’s what we’ve been reading:
- Liv-ex: Liv-ex 100 index takes a further hit falling 3.1% in July
- Harpers: ‘Most buyer-friendly Champagne market in recent memory’ says Cult Wine
- The Drinks Business: Nick Pegna: my vision for Sotheby’s
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 620+ 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.
