Bordeaux bounces back in the market
What’s happening in the market??
While Burgundy came close to overtaking Bordeaux last week, the latter region has bounced back, taking a 39.0% share of value. The region saw trade of several mature, high-value wines, including Petrus 1989, Chateau Mouton Rothschild 1945 and Chateau Haut-Brion 1998. ?
Burgundy’s trade share dropped from 27.8% to 20.1%, buoyed by trades of Domaine de la Romanée-Conti and Domaine Leroy, and bolstered by high-volume trades of Marquis d’Angerville’s Clos des Ducs. ?
Champagne came in third, with an 11.7% share of trade. While Pol Roger’s Sir Winston Churchill 2015 was the top-traded wine in the region, Dom Pérignon and Salon proved the most popular producers overall. ?
Tuscany’s trade share was down slightly on last week. The region is usually led by Super Tuscans, but Brunellos saw an uptick in demand this week. Biondi-Santi Brunello di Montalcino Riserva 2016 was the top traded wine by value from the region. Altesino’s Brunello di Montalcino Riserva 2016 also saw significant trade.?
Screaming Eagle Cabernet Sauvignon 2021 has consistently been the top-traded?Californian wine this year but did not see any trade this week. Instead, Promontory 2017 and Harlan 2015 led the charge. ?
Not yet a member of Liv-ex? Request a demo to see the exchange and a member of our team will be in touch with you shortly.
What were the top-traded wines this week??
The top-traded wine by value this week was the 1989 vintage of Petrus. While in 2023 Neal Martin (Vinous) rescored the wine 99 points, down from his previously given 100, he described it as ’effortlessly harmonious’ and ’magnificent’. Given the wine’s age and Petrus’s famously low production numbers, it is not easy to come by and has sold more frequently at auction than on the exchange. The wine’s rarity has somewhat protected its price from the broader market’s downturn. Still, given Petrus’s high price point, even slight price movements can result in large gains (or losses).
Auctions and Liv-ex trades of Petrus 1989?
领英推荐
Biondi-Santi’s 2016 Brunello di Montalcino Riserva took the second spot. The wine has been trading regularly since entering the market and, relative to the broader market, has retained its value well. Chateau Latour 2011 came in third, trading at a 9.5% discount to its Market Price. The wine was last bought for ￡3,800 – a return to the pricing lows of 2016.?
Liv-ex trades of Latour 2011?
Two high-value Burgundies also ranked amongst the top five – Domaine de la Romanée-Conti’s Romanée-Conti Grand Cru and Domaine Leroy’s Romanée-Saint-Vivant Grand Cru. While we have reported on white Burgundy’s relative stability, reds from the region remain marginally more popular. This week, 43.4% of cases bought from the region were white. ?
Top-traded wines by volume?
While the Rh?ne’s share of trade value this week decreased from last week’s, the top-traded wine by volume hailed from the region. Large-volume buyers were diverse in their purchasing habits. The top wines hailed from four different regions and ranged from ￡55 – ￡1,440 per 12×75. ?
Not yet a member of Liv-ex? Request a demo to see the exchange and a member of our team will be in touch with you shortly.
You may also like:
As we reflect on the first half of 2024, a period marked by significant geopolitical upheavals and increased volatility in global financial markets, it’s clear that many of the challenges of 2023 have run over to this year.