Bordeaux well in the lead, Lynch-Bages 2021 trades below ex-chateau release price

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 on a Silver+ package received the February Market Report. An excerpt and summary is available for Bronze members.? All members were sent an analysis of the Sassicaia 2022 release, and a Market Update on the bid:offer ratios of the Liv-ex 1000 sub-indices. An update to the major Liv-ex indices was also published for members only. ?

Bordeaux strengthened its lead of the market, taking a 40.5% share of traded value. The 2020 vintage traded most frequently, followed by the 2016 and 2021. Petrus was the region’s top-traded wine, with eight vintages changing hands.?

Burgundy took a 17.0% share of traded value. Domaine de la Romanee-Conti was the region’s top-traded producer, with 11 individual wines changing hands, mainly in loose bottle format. ?

Champagne took a 15.3% share of traded value. Non-vintage wines traded most frequently and took the largest share of the region’s traded value. The 2015 vintage was the next top-traded by both value and volume. ?

Tuscany’s share of trade increased from 7.4% last week to 8.4% this week. Sassicaia was the region’s top-traded wine, accounting for almost a quarter of traded value. Alongside plenty of recent vintages, a case of the 1985 changed hands at ￡24,000 per 12x75. The 2022 was released earlier this week at ￡2,500 per 12x75 (read more here). ?

Piedmont took a smaller share than last week, down from 5.8% to 3.5%. ?

The USA’s trade share increased from 3.0% last week to 5.2% this week. Screaming Eagle was by far the top-traded producer, accounting for almost half of the region’s traded value. The 2021 vintage of the Oakville Cabernet Sauvignon traded at ￡19,880 per 12x75, marking its lowest-ever trade price. ?

Following a strong close last week, Spanish wine took a back seat this week, accounting for just 1.6% of traded value.?