Bordeaux has reclaimed the top position in the fine wine market this week, accounting for 33.3% of total traded value, according to the latest trade data.
Leading the charge was Château Haut-Brion, whose 1989 vintage emerged as the most traded Bordeaux wine by value. The region's 2021 vintage also continued to attract interest, representing 19.6% of Bordeaux's traded volume, indicating sustained demand for recent releases.
Burgundy Holds Strong Despite Slight Decline
While Burgundy's market share dipped slightly compared to last week’s close, it still maintained a robust 25.8% of traded value, outperforming its average in May. Domaine de la Romanée-Conti (DRC) led Burgundy’s performance, contributing 19.3% of the region’s traded value, cementing its status as the most sought-after producer from the region.
US Wines Secure Third Place with Cult Labels
The US maintained its presence as a major player, with a 10.4% share of traded value. Iconic labels such as Bond St. Edna, Screaming Eagle Oakville Cabernet Sauvignon, and Harlan Estate fueled the region’s momentum. Notably, European buyers accounted for the majority of demand, making up 44.2% of purchased value, while Asian buyers retained a notable 14.3% share, reflecting ongoing interest from international markets.
Tuscany and Champagne Lose Ground
Tuscany ranked fourth with an 8.8% share, marking a significant decline from 14.1% the previous week. Champagne, traditionally a consistent performer, slipped to fifth place with just 7.9% of traded value. However, interest in vintages 2012 and 2013 remained strong, with Rare 2012 emerging as one of the top-traded labels by volume.
Market Outlook
The latest figures suggest renewed confidence in Bordeaux, especially in mature and recent vintages, while Burgundy remains resilient despite market fluctuations. US cult wines continue to benefit from cross-continental demand, whereas Tuscany and Champagne face a temporary retreat in trading activity. All eyes will be on whether Bordeaux can sustain its lead in the coming weeks, especially amid shifting global demand patterns and vintage dynamics.
Source: Liv-ex