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 increased its trade share to 47.8% at the detriment of Champagne and Tuscany.
- All five of the top-traded wines came from Bordeaux, including three First Growths.
- Liv-ex published its August Market Report, as well as market updates looking at Krug and Dom Pérignon prices.
Regional trade in the past week
Bordeaux’s share of trade by value grew to 47.8% of the total this week, up from 32.2% last week. This is also reflected in the top five wines traded this week, which all hail from Bordeaux (see more below).
The biggest loser from Bordeaux’s uptick in trade was Champagne, which saw its share fall from 22.5% to 7.0% this week. Tuscany also recorded a steep decline, from 11.8% last week to 5% this week.
The Rhône, on the other hand, recorded the largest increase in trade share this week. It accounted for 6.4% of the total, up from 1.2% last week, notably buoyed by trades of Château Rayas, Châteauneuf-du-Pape.
This week’s top-traded wines
All five of the top-traded wines by value this week hailed from Bordeaux, including three First Growths: Château Mouton Rothschild 2019, Château Margaux 2010, Château Latour 2012 and Château Angélus 2016 a Premier Cru Classe A in the Saint-Emilion Classification.
Bordeaux Fifth Growth Château Pontet-Canet 2018 holds the top spot this week. While originally classified as a 5th Growth in the 1855 Bordeaux Classification, it is now considered to be a ‘super second’. Jane Anson (Inside Bordeaux) scored the wine 95 points in 2020, increasing this to 96 points in 2021. Antonio Galloni (Vinous) also awarded it a high score of 98 points in 2021. The wine last changed hands at £970 per case, representing a 5.6% discount on its current Market Price.
Château Angélus 2016 is also currently trading below its Market Price. It last traded at £2,628 per case, 15.9% below its Market Price of £3,126 per 12×75. While the wine has not increased in value much since its release, recording its lowest Market Price in March 2021, it has since shown an upward trend. The wine was scored 99 points by Lisa Perrotti-Brown MW and 97 points by Neal Martin (Vinous).
Château Angélus 2016 trades on Liv-ex
Weekly insights recap
This week, Liv-ex published its August Market Report for members on Silver packages and above. An excerpt is available for members on Bronze packages. Two Market Updates analysing the price movements of Krug and Dom Pérignon were also made available to members, as well as one looking at Champagne’s performance in H1 2023.
Two free pieces of analysis were published, looking at the best-performing wines in H1 2023 and the most traded wines in the first half of the year.
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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 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.
