- The USA and Tuscany increased their weekly market share the most of all regions this week.
- The newly-released Screaming Eagle 2021 topped this week’s most traded wines by value.
- This week, Liv-ex published its February Market Report, as well as an update about the Liv-ex 100 and 1000 indices. A Market Update covering the E. Guigal Côte Rôtie 2020 releases was also published.
What’s happening in the secondary market?
This week, the latest release of Screaming Eagle was met with significant demand, leading to an increase in the USA’s regional trade share by value, now standing at 16.0%. The 2021 vintage topped this week’s most active wines with a last trade price of £27,600 per 12×75. Screaming Eagle was the most traded US producer last year, accounting for 28.6% of trades of US wines.
Tuscany was also popular on the exchange this week, increasing its regional trade share by value from 9.2% to 14.7%. Key contributors to this uptick included Tenuta San Guido, which represented 51.8% of Tuscan trade this week. Sassicaia 2020 was the most popular wine from the region, claiming the top spot by volume traded this week, with a last trade price of £2,200 per case.
However, the gains made by the USA and Tuscany came at the expense of all other regions, which saw a decline in their trade share. The Rhône experienced the most significant decrease, falling from 4.5% to 2.5% of total trade by value. This decline was closely followed by Burgundy, which dropped from 23.9% to 13.1%, despite Domaines Leflaive, Mâcon Verzé 2022 featuring among the top-traded wines by volume.
What were this week’s top-traded wines?
As previously mentioned, it was a good week for Screaming Eagle. The 2021 vintage, which was scored 98-100 points by Antonio Galloni, has been trickling into the market over the past few weeks and was the most traded wine by value this week.
Two Super Tuscans claimed spots in the top-traded by value this week: Sassicaia 2020 and Tignanello 2020. Tignanello 2020 was released in the UK in March 2023 for £1,230 per 12×75, up 23% on the 2019 release (£1,000 per case). The wine last traded at £1,182 per 12×75, down 3.9% on its release price.
Tignanello 2020 trades on Liv-ex
Château Lafite Rothschild 2019 and Château Margaux 1996 completed the lineup of top-traded wines by value this week.
Château Lafite Rothschild 2019 last traded at £5,352 per 12×75, below its Market Price of £5,897 per 12×75. According to Liv-ex’s fair value methodology, Château Lafite Rothschild Market Prices are correlated with Jane Anson, Wine Advocate, Wine Spectator, Antonio Galloni and James Suckling scores. At its current Market Price, the 2019 vintage falls consistently below the Fair Value line, making it an attractive option for buyers.
A further two Bordeaux wines featured in the top-traded by volume: Château Giscours 2019 and Château Calon Segur 2019.
In the spirits world this week, Macallan, Highland Single Malt Exceptional Single Cask European Oak Sherry Hogshead ESH-2340/04 Bottled 2018, Speyside traded at £2,155 per bottle and Tesseron, Lot 29 Exception XO, Grande Champagne Cognac at £298 per bottle.
Weekly insights recap
This week, Liv-ex published its February Market Report, as well as an update about the Liv-ex 100 and 1000 indices. A Market Update covering the E. Guigal Côte Rôtie 2020 releases was also published and is available for Liv-ex members to read.
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.
