Bordeaux and Burgundy lead the market, Petrus 2005 and Latour 2009 top-traded wines

Liv-ex members can access the full article, including an in-depth analysis of the week's top-traded wines by value and volume, here. Below is an excerpt.?

Weekly insights recap?

This week, Liv-ex members were sent a Market Update analysing the difference between trade prices and Market Prices under current vs. historical market conditions.?

What were the week’s top-traded wines? ?

Petrus 2005 came in as the week’s top-traded wine by value. This week, the wine traded at ￡35,588 per 12x75, similar to its trade prices in 2021. Its Market Price had held near its 2022 peak until earlier this year, falling 18.3% down from ￡45,000 in August to ￡36,770 in December. ?

Liv-ex trades of Petrus 2005?

Chateau Latour 2009 was the second top-traded wine by value. It traded this week in 6x75 format at around ￡8,000 per 12x75 and in 3x75 format (rarer and generally sold at a premium) at ￡9,804. The wine was re-released this year ex-London at ￡11,000 per 12x75. As we reported here, this was 16.0% above its Market Price at the time (￡9,480). The wine’s Market Price has since fallen 10.3% down to ￡8,500. ?

?Technical analysis of Latour 2009

In January this year, Latour 2009’s 20-month Simple Moving Average (SMA20) crossed below its 50-month SMA. Commonly referred to as a ‘death cross’, this pattern is a likely predictor of future price decreases. Since then, prices have indeed fallen. Recent developments in the wine’s technical indicators, however, are more positive. The Lower Bollinger Band has flattened, indicating decreased volatility. Coinciding with the wine’s 2015 lows, this lower band may provide prices with some dynamic support above the ￡8,000 mark. Additionally, the Relative Strength Index has bounced from the 30-line (the level at which a wine is considered oversold), and now following an upward trend, creating the beginnings of a bullish divergence. ?