Bordeaux led weekly trade, buoyed by back vintages of Château Lafite Rothschild changing hands.
- Bordeaux led weekly trade, up slightly week-on-week, followed by Burgundy and Champagne.
- The most traded wines hailed from Bordeaux, Tuscany, Burgundy and Provence.
- This week, Liv-ex published En Primeur release posts as well as a highlight of Bordeaux opportunities beyond the 2023 vintage, and a Technical Analysis of Bordeaux 2005 wines.
What’s happening in the secondary market?
It was all about Bordeaux this week as the region accounted for 41.9% of trade by value, up slightly on its previous week’s share. It was notably buoyed by two back vintages of Château Lafite Rothschild and one of Château Angélus appearing among the top-traded wines by value.
Burgundy followed, its trade share up from 20.7% to 24.8% this week. The Rhône and Tuscany were two other success stories this week, their trade shares rising to 3.5% and 10.3% of the total respectively.
Champagne, on the other hand, recorded a dip from 11.0% last week, when one of its wines led weekly trade, to 8.3% this week. Likewise, the ‘Others’ category fell from its high of 6.4% last week when it was buoyed by a Hibiki whisky changing hands, to just 4.2% of total trade this week. Piedmont and the USA fared similarly, their trade shares dipping to 4.8% and 2.2% of trade respectively.
In spirits trade this week, a case of Ardbeg, Single Malt CorryvreckanScotch whisky changed hands as did a bottle of Macallan Highland Single Malt Sherry Oak Cask 30YO Scotch, which traded at £3,966 per 70cl bottle.
What were this week’s top traded wines?
Following on from last week, back-vintage Bordeaux was the darling of the secondary market; more precisely, back-vintage Château Lafite Rothschild. The wine’s 2020 vintage led weekly trade, last trading at £5,625 per case (packed as 1×300). Three days prior, Lafite 2020 traded in 75cl format at £5,000 per 12×75, 15.0% below its release price of £5,880 per case.
Château Lafite Rothschild 2018was also among the top-traded wines by value this week. After seeing its Market Price peak around £8,000 per 12×75 during the 2021/2022 fine wine market boom, the wine has since dipped back below its release price of £6,000 per case.
Château Lafite Rothschild 2018 trades on Liv-ex
There was another Bordeaux on the list: Château Angélus 2012, which was recently scored 97 points by Jane Anson (Inside Bordeaux), up from her previous score of 96 points. She praised this ‘exuberant’ Year of the Dragon wine, Angélus being a label favoured by Asian buyers. 2012 is also the year the wine was promoted to Grand Cru Classé A, and the wine boasts a special commemorative bottle for that reason.
A Tuscan wine, Soldera Case Basse Toscana Sangiovese 2019 and a Burgundy Premier Cru, Domaine Leflaive, Puligny-Montrachet Premier Cru Clavoillon 2019 which last traded at £3,930 per case.
Over in the most-traded wines by volume, Bordeaux 2021 was all the rage: the 2021 Château Grand-Puy-Lacoste, Château Léoville Las Cases andCarruades de Lafite all changed hands this week.
Château Grand-Puy-Lacoste 2021 was released at £600 per case and last traded 53.3% below that at £280 per 12×75. Likewise, Château Léoville Las Cases 2021 last traded 43.6% below its release price of £1,950 per case. Carruades 2021 is the notable exception, both in the fact it has changed hands considerably more since its release, and that it is trading above its release price of £1,980 per case.
The 2019 vintage of Valdicava, Brunello di Montalcino was third on the list of most-traded wines by volume after the 2013 vintage featured on the list last week. Domaine Tempier, Provence Bandol Rosé 2023 completed the rankings, hinting at the start of summer.
The 2023 En Primeur 2023 campaign so far
En Primeur releases are still coming to market hard and fast. The following wines covered by Liv-ex were released last week:
- Château d’Issan 2023, £450 per 12×75
- Château Suduiraut 2023, £519 per 12×75
- Château Gazin 2023, £582 per 12×75
- Château Beychevelle 2023, £720 per 12×75
- Château La Fleur-Pétrus 2023, £1,500 per 12×75
- Clos Fourtet 2023, £840 per 12×75
- Domaine de Chevalier Rouge 2023, £549.60 per 12×75
- Château Canon La Gaffeliere 2023, £602.40 per 12×75
- Château Brane-Cantenac 2023, £534 per 12×75
- Château Léoville Poyferré 2023, £674 per 12×75
- Château Lagrange 2023, £372 per 12×75
- Château La Gaffelière 2023, £540 per 12×75
- Château Grand-Puy-Lacoste 2023, £546 per 12×75
To get a day-by-day breakdown of releases, fill in this form to see our Bordeaux En Primeur 2023 Key Prices.
Weekly insights recap
This week, Liv-ex published a blend of free-for-all and member-only En Primeur release posts. Members on Bronze packages and above also gained access to a Market Update highlighting Bordeaux opportunities beyond the 2023 vintage, and members on Gold packages and above can access a Technical Analysis of Bordeaux 2005.
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.
