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:
- Burgundy’s trade share increased to 25.4%, putting the region ahead of Champagne. Piedmont, the Rhône and the Others category also recorded an uptick.
- The most traded wines by value hailed from Bordeaux and Burgundy, while Italy dominated the rankings by volume.
- Liv-ex published two Market Updates about the most sought-after Burgundy wines, and the wines that beat inflation in the last 12 months.
What’s happening in the secondary market?
Burgundy and Piedmont were the standout performers this week, their trade shares increasing by 56.9% and 112.3% week-on-week respectively. The top-traded wine by value, Joseph Drouhin Montrachet Grand Cru Marquis de Laguiche, hailed from Burgundy, and Piedmont’s Ca’Nova Barbaresco 2020 was the most traded wine by volume. More analysis below.
The Rhône and the ‘Others’ category also recorded an uptick in trade this week, while all other regions saw their trade shares decline. Champagne fell from its high of 18.4% at the end of last week to 11.7% of total trade this week, despite Dom Pérignon and Krug 2008 being among the most active wines.
Bordeaux’s trade share decreased slightly to 37.9% but it maintained its usual lead in the secondary market, buoyed by the active trading of several vintages of Château Lafite Rothschild.
What were this week’s top-traded wines?
As mentioned above, Joseph Drouhin, Montrachet Grand Cru Marquis de Laguiche 2018 was the most traded wine by value this week. Fellow Burgundian wine Domaine du Comte Liger Belair, La Romanée Grand Cru 2009 also made the list.
The 2010 and 2005 vintages of Château Lafite Rothschild buoyed Bordeaux’s trade share, as did the 1996 vintage, which just didn’t make the top five. Unsurprisingly given its high Market Price, Pétrus 2010 was also one of the most traded wines by value. In terms of volume, Châteaux Lagrange 2016 and Beychevelle 2020 flew the flag of Bordeaux. The former was scored 97 points by Jane Anson (Inside Bordeaux) and 94 points by Neal Martin (Vinous).
Italian wines heavily featured in the most-traded wines by volume, with Piedmont topping the list, and Il Poggione Brunello di Montalcino 2017 and Rampolla Sanmarco 2016 from Tuscany actively trading. The 2016 Rampolla was scored 98 points by Antonio Galloni (Vinous) and 96+ points by Monica Larner (The Wine Advocate).
Weekly insights recap
This week, Liv-ex published two Market Updates, available for all members to read. The first highlighted the most sought-after wines in the Burgundy 150, and the other revealed which wines beat inflation in the Liv-ex Fine Wine 100.
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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 20,000 wines.
