Recent trading activity
Bordeaux remains the leading region in terms of trade by value this week, buoyed by Château Mouton Rothschild 2019 and Château Lafite Rothschild 2018 trading.
Burgundy currently holds the second spot, with Domaine de la Romanee-Conti, Grands Echezeaux Grand Cru 2009 and Domaine Armand Rousseau, Gevrey-Chambertin Premier Cru, Clos Saint-Jacques 2020 among the wines traded since Monday.
Dom Pérignon price decline slows
In July, the Champagne 50 index showed relative stability, declining by only 0.2% compared to 1.2% in June. Over the same period, the Dom Pérignon index (see chart above) decreased by 1.2%, after falling 4.0% in June.
All of the last ten vintages of Dom Pérignon have seen their Market Price fall year-to-date, apart from the 2010 which is up 2.5% since the start of the year. The 2008 vintage has declined the least, falling 0.2% year-to-date.
If we look at the price movements of these wines in July, the 2003, 2005, 2008, 2010 and 2013 vintages all remained stable. Could this be suggesting a potential slowdown in the Champagne decline?
Opportunities in back vintages of Dom Pérignon
Amidst the current market downturn, there is some hope to be found. For example, the Market Price of Dom Pérignon 2006 has increased by 88.8% from its initial release price of £920 per case. It most recently traded at £1,900 per 12×75, slightly above its current Market Price, bucking the current trend and presenting a potential opportunity for sellers.
The wine received a score of 96 points from Antonio Galloni, which makes it an appealing prospect for buyers seeking to acquire Dom Pérignon at a lower price compared to some of the lower-scoring vintages.
Dom Pérignon 2006 trades on Liv-ex
Similar dynamics can be observed in other vintages of Dom Pérignon. The 2012 vintage scored 97 points from Antonio Galloni. The wine has a current Market Price of £1,672 per 12×75 and last traded at £1,680 per case. While the graph below shows a downward trajectory, the wine’s Market Price is still up 15.3% since its release.
Dom Pérignon 2012 trades on Liv-ex
Despite this tentative rebound, there are still vintages of Dom Pérignon trading below their Market Price, providing opportunities for buyers. The 2010 vintage is currently trading at £1,568 per 12×75, 16.6% below its Market Price of £1,880 per case.
Dom Pérignon 2010 trades on Liv-ex
There are currently 153 LIVE opportunities for Dom Pérignon on Liv-ex. Log in to the exchange to view them and trade.
In case you missed it:
Here’s what we’ve been reading:
- Liv-ex: The best-performing wines in H1 2023
- Decanter: Liv-ex lists 10 top price risers in a slow wine market
- Reuters: UK inflation pressure stays strong despite fall in headline rate
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.
