- Bordeaux dominated trade this week, all other regions experiencing a dip except for the Rhône and Piedmont.
- The most traded wines by value and volume hailed from Bordeaux, Champagne and Tuscany.
- This week, Liv-ex published indices update and its December Market Report as well as technical analysis of the Liv-ex 1000 and 50.
What’s happening in the secondary market?
Bordeaux’s share of trade rebounded for the seven days ending 14th of December, rising to 41.3% from 27.5% last week. Château Lafite Rothschild 2019 was particularly active, buoying the region’s share of trade, as were several vintages of Château Latour.
As a result, most other regions’ trade shares declined week-on-week. Burgundy went from 27.5% to just 21.0% of the total this week, despite several wines from Domaine de la Romanée-Conti changing hands. Tuscany also fell from 10.6% of the total to 7.2% this week, and Champagne from 16.6% to 13.4%.
The Rhône and Piedmont were the only other two regions to experience an uptick, rising to 2.9% and 6.0% of the total respectively.
What were this week’s top-traded wines?
Bordeaux labels dominated the most traded wines by value. Château Lafite Rothschild 2019 also featured among the top five traded by volume, as did Carruades de Lafite 2021.
Once again, Argiano, Brunello di Montalcino 2018 was among the top five wines traded by both value and volume this week. During this fifth week of success, the wine saw its trade price go up further still to reach £616 per case.
Two non-vintage Champagnes completed the rankings by volume as end of year festivities approach: Charles Heidseck, Brut Reserve and Ruinart, R. de Ruinart Brut.
Weekly insights recap
This week, Liv-ex published updates on the Liv-ex 100 and Liv-ex 1000 indices. Members on Silver packages and above also have access to technical analysis of the Liv-ex 1000, and to a guide to trade the Liv-ex Fine Wine 50.
A Market Update about the 2020 wines from Bordeaux was published for members.
The Liv-ex December Market Report is now live for members on Silver package and above. An excerpt is available for Bronze members.
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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.
