- Burgundy has reclaimed its second-place position with 19.3% of regional trade by value.
- The most traded wines by value and volume were dominated by Bordeaux, Burgundy and Tuscany.
- This week, Liv-ex published a Market Update covering the best performing Bordeaux vintages as well as a pricing analysis of Domaine William Fèvre 2022 and the January Market Report.
What’s happening in the secondary market?
Burgundy has reclaimed its second-place position in weekly trade, holding 19.3% of trade by value, trailing behind Bordeaux. The increase can be attributed to the heightened trading activity involving wines from Christopher Roumier and Domaine Armand Rousseau.
The USA has also seen a notable increase in trading activity, the region’s trade share by value rising from 4.6% last week to 7.7% this week. This growth is driven by the trading of seven vintages of Screaming Eagle, including the 2007, 2004, 2014 and 2009. Anticipation is building for the imminent release of the critically-acclaimed 2021 vintage.
The Rhône and Piedmont also experienced positive shifts in their week-on-week trade shares, reaching 5.7% and 3.2% respectively.
Conversely, Champagne and Bordeaux recorded declines in their trade shares, settling at 7.5% and 42.1% respectively. Tuscany, despite having two wines among the top traded by volume (Argiano, Brunello di Montalcino 2018 and Rampolla, Sammarco, IGT 2018), saw its trade share decrease from 18.8% last week to 9.3% this week.
What were this week’s top-traded wines?
This week, 2017 Bordeaux wines have seen activity on the exchange, with prices reduced to sell. Notably, all three Bordeaux wines in the top traded by value are currently trading below their release prices, presenting an opportunity for potential buyers.
Château Palmer 2017, initially released at £2,350 per case, is currently trading at £1,800. The wine was scored 96 points by Lisa Perrotti-Brown, 95 points by Jane Anson, and 94 points by Neal Martin. Similarly, Château Lynch-Bages 2017, released at £885 per case, is trading at £820. Scores include 93 points from Neal Martin and 94 points from both Lisa Perrotti-Brown and Jane Anson.
Claiming the top spot is Château Montrose 2017. The wine has the best scores out of the three, with 97 points from Lisa Perrotti-Brown, 95 points from Neal Martin and 96 points from Jane Anson and is currently trading at £760 per case, 34.3% below its release price of £1,157 per 12×75.
Château Montrose 2017 trades on Liv-ex
Securing the other two spots among the top traded wines by value were the 2021 vintages of Christophe Roumier, Charmes-Chambertin Grand Cru, Les Mazoyères and Domaine Georges Roumier, Chambolle-Musigny. The emergence of 2021 Burgundies in the market has gained momentum over the past six months, driven by a declining Burgundy market that is prompting sellers to present attractive offers. This shift has provided an opportunity for clients looking to liquidate their stock, while also allowing buyers access to these wines.
In terms of trading volume, Tuscany remains active on the exchange, with continued interest in Argiano, Brunello di Montalcino 2018 and Rampolla, Sammarco, IGT 2018. The latter, having received 98 points from Antonio Galloni, is currently trading at £430 per case, just over £100 below its current Market Price of £540 per 12×75.
Weekly insights recap
This week, Liv-ex published a Market Update for members outlining the best performing Bordeaux vintage and a pricing analysis of Domaine William Fèvre 2022 releases. The January Market Report is also live.
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.
