Talking Trade - Bordeaux Shines

  • Anthony Maxwell, Liv-ex Director

  • 08 Jan 2020 | News & Views

The Liv-ex Fine Wine 50 rose 0.25% this week with overall market activity, far livelier than the previous week in which Christmas Day squarely fell.

Bordeaux took a large share of regional trade by value (65.8%), thanks to several First Growths trading at a discount to market. Subsequently the market shares of Burgundy (14.0%), Champagne (8.9%) and Italy (6.4%) fell slightly while the USA retained its 1%.

The top traded wine by both value and volume was Margaux 2009. (Lisa Perrotti-Brown, MW, awarded the wine 98 points in her 2019 tasting.) The wine is very active on Liv-ex with tight spreads over multiple pack sizes.

Champagne’s Louis Roederer Cristal Rose 2012 was also active this week, last trading at £3,480 per 12×75. Its older, white wine sibling—Louis Roderer Cristal 2006—was the top traded wine by value on Liv-ex in 2019.

Readers should take note that the views of this author represent those of a company with an interest in the wine trade. Liv-ex operates the global marketplace for the wine trade. They have over 440 members from start-ups to established merchants and supply them with the data, trading and logistics services they need to price, source and sell wine more efficiently. Private collectors can view Liv-ex prices and value their portfolios using Cellar Watch and find regular market analysis on the blog. The opinions of Liv-ex are their own and do not represent those of Robert Parker Wine Advocate or Wine Journal. Liv-ex contributes articles to Wine Journal that we feel are of market relevance to readers, but we do not specifically endorse this company.

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