The secondary wine market continues to be dominated by Bordeaux, which led weekly trade by a significant margin, capturing 41.2% of the total trade value.
This strong performance was buoyed by four Bordeaux wines ranking among the top five most-traded by value, including multiple vintages of the illustrious Petrus. Burgundy followed in second place with 27.4% of trade value, slightly down from 31.6% the previous week, while Champagne accounted for 10.5%, a minor decline from the previous period.
Bordeaux’s Stronghold
Bordeaux’s supremacy in the secondary market was highlighted by the appearance of four Petrus vintages within the top ten most-traded wines by value. The 2005 and 2010 vintages of Petrus stood out, both trading in magnum format (3×150cl) at prices comparable to standard 75cl bottles. Notably, the 2010 vintage last traded at GBP 39,354 (EUR 46,043) per case, slightly exceeding its market price of GBP 39,000 (EUR 45,629). The 2009 and 1998 vintages of Petrus also saw active trading, reinforcing Bordeaux’s market dominance.
Château Lafite Rothschild 2009 was another star performer, consistently appearing on the list of top-traded wines. Although its last trade price dipped slightly from the previous week, Lafite’s prestige remains intact. Additionally, Lafite’s second wine, Carruades de Lafite 2021, drew notable attention, trading at GBP 2,120 (EUR 2,480) per case, marking a 7.1% increase from its release price.
Burgundy and Champagne
While Bordeaux led the market, Burgundy retained a strong position with 27.4% of trade value, reflecting continued interest in its prestigious terroirs despite a slight decrease. Champagne, accounting for 10.5% of weekly trade, was buoyed by the performance of Taittinger’s Comtes de Champagne Blanc de Blancs 2013. This wine was not only the third-most traded by value but also topped the volume chart. Garnering an impressive 98 points from Antonio Galloni of Vinous, it trades below its release price of GBP 1,430 (EUR 1,673) per case, offering value for collectors and investors alike.
Other Regions and Rising Players
Other notable market movements include a dip in trade shares for the Rhône, Tuscany, and Piedmont regions. Conversely, the USA’s trade share edged up slightly from 4.6% to 4.7%, while the ‘Others’ category grew from 4.5% to 5.5%, reflecting increased diversification in collectors’ portfolios.
Lombardia made a rare but welcome appearance this week, with Ca’ Del Bosco’s Franciacorta Cuvée Prestige Edizione 46 joining the top-traded wines list. Meanwhile, favorites such as Domaines Leflaive’s Mâcon Verzé 2022 and Argiano’s Brunello di Montalcino 2018 remained active in the market. Argiano’s Brunello has seen its price stabilize around GBP 600 (EUR 702) per case, an 81.8% increase over its release price of GBP 330 (EUR 386), indicating strong and sustained demand.
Summary
In summary, Bordeaux firmly holds its position as the most influential region in the secondary wine market this week, with Petrus and Lafite Rothschild leading the charge. Burgundy and Champagne remain important players, while smaller regions and emerging markets continue to attract growing interest from buyers. This dynamic market showcases the enduring allure of classic regions alongside a gradual broadening of global wine trading horizons.
Source: Liv-ex