This week, Bordeaux asserted a commanding lead in the global wine trading market, capturing an impressive 42.9% of the total traded value.
The spotlight is now firmly on the 2022 vintage, which is gaining momentum and emerging as the top-traded vintage among collectors and investors alike. This surge highlights growing confidence in the quality and investment potential of the newest Bordeaux release.
Key Bordeaux names such as Château Beychevelle and Carruades de Lafite featured prominently in the week’s top-traded wines, reinforcing the region’s continued dominance. Notably, several vintages of the legendary Petrus also exchanged hands, underscoring the enduring appeal and market strength of this iconic estate.
Meanwhile, Burgundy experienced a slight dip in market share, dropping from 27.8% last week to 22.6% this week. Despite this, Burgundy’s prestige remains intact, with Domaine de la Romanée-Conti standing out as the region’s most traded producer. Remarkably, the estate accounted for 42.5% of Burgundy’s trade value, reflecting its continued allure and high demand.
Champagne’s recovery, which had shown promise in recent weeks, saw a setback as its share of trade slipped to 6.3%. Yet, within this category, Salon 1996 captured attention as the top-traded wine by value. The vintage is increasingly sought after, signaling its return to a pre-COVID upward trajectory and renewed interest among collectors.
Overall, this week’s market activity highlights Bordeaux’s resurgence, the steadfast demand for Burgundy’s finest estates, and Champagne’s gradual, albeit uneven, return to form. The shifting dynamics underscore the evolving preferences of wine investors and collectors in a post-pandemic market landscape.
Source: Liv-ex