Petrus propels Bordeaux to the top

• Bordeaux led weekly trade by a significant margin, followed by Burgundy and Champagne.
• Petrus appeared twice in the list of top-traded wines by value; four out of five wines hailed from Bordeaux.
• This week, Liv-ex published two Market Updates for members: one looking into the wines driving the Right Bank 50, and the other unpacking Jane Anson’s Bordeaux 2021 in-bottle scores.

What’s happening in the secondary market?

Bordeaux led weekly trade by a significant margin, holding 41.2% of total trade by value. The region was buoyed by four of its wines featuring among the top five most-traded by value this week, and four vintages of Petrus appearing in the top ten.

Burgundy came in second with 27.4% of trade, down from 31.6% the previous week. It was followed by Champagne with 10.5% of trade, down 1% week-on-week, despite Taittinger, Comtes de Champagne Blanc de Blancs 2013being among the top-traded wines by value and volume.

The Rh?ne, Tuscany and Piedmont all saw their trade shares dip while the USA rose from 4.6% to 4.7% of trade this week and the ‘Others’ category’s trade share rose from 4.5% to 5.5%.

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What were this week’s top-traded wines?

The top-traded wines by value this week mostly hailed from Bordeaux, including the 2005 and 2010 vintages of Petrus. Interestingly, both traded in magnum format at similar prices to 75cl bottles; the 2010 last traded at ￡39,354 per case (packed as 3×150), slightly over its Market Price of ￡39,000 per case. Petrus’ 2009 and 1998 vintages also changed hands this week, further bolstering Bordeaux’s dominant trade share.

Chateau Lafite Rothschild 2009 featured on the list once again, with a last trade price slightly lower than last week’s. Lafite’s second wine, Carruades de Lafite 2021, was one of the top-traded wines both by value and volume this week. The wine last traded at ￡2,120 per case, up 7.1% from its release price of ￡1,980 per case.

As mentioned above, Taittinger, Comtes de Champagne Blanc de Blancs 2013was the third-most traded wine by value this week but topped the table in terms of trade by volume. The wine was awarded 98 points by Antonio Galloni (Vinous) last month and is trading below its release price of ￡1,430 per case.

Lombardia made a rare appearance in the top-traded wines this week with a Franciacorta, Ca’ Del Bosco’s Cuvée Prestige Edizione 46.

Some familiar names completed the list of most-traded wines by volume: Domaines Leflaive Macon Verzé 2022 and Argiano, Brunello di Montalcino 2018 which have both featured in several recent editions of Talking Trade. The latter’s price seems to be stabilising around ￡600 per case, 81.8% up from its release price of ￡330 per case.

Argiano, Brunello di Montalcino 2018 trades on Liv-ex

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