Last week on the wine market
Stay up to date on the current trends of the wine investment market with our weekly summary. Burgundy saw the largest jump in trade share
Weekly trade breakdown
With the En Primeur campaign wrapping up, Bordeaux has maintained its position as the leading region in terms of trade by value, with its share reaching 40.5% this week, up from 38.7% last week.
After seeing an increase in its trade share last week, Tuscany has experienced the largest decline this week. It dropped to 6.9% compared to 16.4% last week, despite Fontodi, Flaccianello delle Pieve, Colli della Toscana Centrale 2010 featuring in the most active wines this week. Burgundy also experienced a decrease in trade, accounting for 14.5% compared to 19.6% last week, despite Domaine Ponsot, Clos de la Roche Grand Cru, Cuvée Vieilles Vignes 2020 being one of the most active wines.
All other regions experienced an uptick in their trade share week-on-week. The USA saw a significant rise, nearly doubling to 8.0% this week from 4.1% last week, notably driven by Dominus 2018.
Champagne’s regional share increased to 16.7% in the same period, with Dom Pérignon 2013 leading trade by value this week.
This week’s most traded wines
The provenance of the most active wines this week was heterogeneous this week, with Champagne, Bordeaux, California, Burgundy and Tuscany represented.
Dom Pérignon 2013 led trade by value this week. It last traded at £1,632 per case, lower than its current Market Price of £1,790 per 12×75 and lower than its release price of £1,830 per dozen. However, it remains the top-traded wine by value on Liv-ex since its release in January.
As mentioned above, Dominus 2018 buoyed the USA’s trade share – it last traded below at £2,598 per 12×75, 11.9% below its Market Price of £2,950. The wine has two 100-point scores from James Suckling and James Suckling, and Lisa Perrotti-Brown MW scored it 99+ points.
In the context of the En Primeur campaign, it’s interesting to see that the 2011 vintage of Château Cheval Blanc was among the most active wines in the past week. Its current Market Price of £4,400 per case is slightly lower than its release price (£4,450 per 12×75). The 2022 Cheval Blanc was released at £5,760 per case and received a barrel range of 98-100 points from Neal Martin.
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