Bordeaux led weekly trade by a significant margin, followed by Burgundy and Champagne. In addition to the Scotch whisky, other active wines hailed from Bordeaux, Burgundy, Champagne and Piedmont.
What’s happening in the secondary wine market?
Bordeaux led weekly trade by a considerable margin this week, with 32.9% of total trade compared to Burgundy’s 21.7%. This is despite Burgundy having two wines among the top-traded by value to Bordeaux’s one, although the former also had two wines in the top-traded by volume this week.
Champagne recorded an uptick, holding 12.0% of trade this week compared to just 7.0% last week. The region was buoyed by Taittinger, Comtes de Champagne Blanc de Blancs 2013featuring on the list of most-traded wines by value and volume this week.
The "Others" category continued its rise, accounting for 8.9% of total trade compared to 7.1% last week and 6.5% in February. A Scotch whisky topped the list of most traded wines by value, contributing to the category’s success. Piedmont was another winner this week, buoyed by two of its wines actively trading and making the list of most traded wines by volume.
The Rhône and Tuscany’s trade shares remained remarkably flat week-on-week, accounting 4.2% and 10.8% of total trade by value respectively. The USA saw its trade share dip to 4.8% this week, after closing last week at 7.9%.
What were this week’s top-traded wines?
It was a Scotch Whisky that led weekly trade: Macallan, Speyside Highland Single Malt The Red Collection 78YO, Bottled 2020 changed hands at GBP 52,500 (EUR 61,496) per 1×70. This is considerably below its peak trade price of GBP 86,177 (EUR 100,944) per 1×70 in August 2022, reflecting the softening market of blue-chip Scotch Whisky.
Two Burgundy Grands Crus featured on the list of most-traded wines by value, Domaine Ponsot, Clos de la Roche Grand Cru, Cuvée Vielles Vignes 2005 and Domaine Bonneau du Martray, Corton-Charlemagne Grand Cru 2020. The latter traded several times during the last week, including twice in magnum format at a considerable premium to the bottle price, 23.0% higher to be exact.
Château Beychevelle 2021 was one of the most traded wines by value and volume this week. Like other Bordeaux 2021s, it has been released to the market in bottle this year. It was most recently scored 92+ points by William Kelley (The Wine Advocate) in 2024.
Taittinger, Comtes de Champagne Blanc de Blancs 2013 experienced continued success, having been the most traded wine by volume last week. It was the fifth most-traded wine by value and volume this week, last trading at GBP 1,160 (EUR 1,359) per 12×75.
Piedmont’s trade share was buoyed by two 2021 wines making the list of most-traded wines by volume: Ca’ Nova, Barbaresco and Ca’ Nova, Barbaresco, Montestefano, which were scored 94 and 98 points by Antonio Galloni (Vinous) respectively.
Source: Liv-ex