- Bordeaux’s share of trade increased to over 40% of the total. The ‘Others’ category increased its share from 5.6% to 7.4% this week.
- Spanish wine Vega Sicilia, Único 2013 claimed a spot in the top-traded by value.
- This week, Liv-ex published two Market Updates highlighting the best wine brands in the secondary market and the Burgundy vintages that have led the region’s trade in the last six months.
What’s happening in the secondary market?
Italy took the spotlight this week as Tuscany and Piedmont saw the largest increases in their trade shares by value. Tuscany increased its share from 7.5% to 10.8%, buoyed by the trading of wines from Tenuta San Guido and Ornellaia. Simultaneously, Piedmont’s share climbed from 3.3% to 5.1% week-on-week, with wines from Giuseppe Rinaldi and Giacomo Conterno changing hands.
Bordeaux increased its trade share from 37.4% last week to 40.1% this week, with three wines securing spots among the top-traded by value. The ‘Others’ category saw its trade share grow from 5.6% to 7.4%, with Spain leading at 4.6%, bolstered by activity surrounding Vega Sicilia.
On the other hand, the Rhône and the USA were the most impacted as other regions gained more market share. The Rhône saw its trade share dip from 3.6% to 2.7%. Similarly, the USA, after experiencing two weeks of heightened activity, dipped from 9.4% to 4.0% of the total this week.
What were this week’s top-traded wines?
As mentioned earlier, three Bordeaux wines claimed spots among the top-traded wines by value, namely Château Mouton Rothschild 2010, Château Lafite Rothschild 1982 and Château Giscours 2019.
Château Mouton Rothschild 2010 was first released at £7,750 per case. It traded around this level before its Market Price dipped until 2014, when Neal Martin awarded the wine 99 points, leading to increased attention on the exchange. Despite a subsequent rescore of 97 points by Martin in 2020, the wine increased in value until 2022 and has since been undergoing a correction in line with the rest of the market.
Château Mouton Rothschild 2010 trades on Liv-ex
Vega Sicilia, Único, Ribera del Duero, 2013 secured the second spot among the top-traded wines by value. The wine was released last year at £3,156 (12×75). It last traded at £2,756, on the day of the release of the 2014 vintage at £3,348 per dozen. Despite having one of the highest scores, the 2014 comes at a premium to others on the market, and highlights the value to be found in back vintages such as the 2013.
Despite a slight decrease in trade share from 22.2% to 21.3% this week, Burgundy still claimed a spot in the top-traded wines, with Joseph Drouhin, Montrachet Grand Cru, Marquis de Laguiche 2018, leading in terms of value this week. This wine has seen a gradual uptick in its trade price, reaching a last trade price of £8,824 per case. Neal Martin awarded it 93 points, James Suckling gave it 98 points and Jancis Robinson assigned it a score of 19 points.
Weekly insights recap
This week, Liv-ex published Market Updates for members highlighting the best wine brands in the secondary market and the Burgundy vintages that are leading trade.
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.
