Bordeaux was firmly in the driver’s seat last week on Liv-ex, taking a 38% share of trade by value. The 2005 vintage led the charge in terms of value, while 2016 and 2019 were the most traded by volume – clear signs that Bordeaux remains the cornerstone of the fine wine market.
The US had its strongest week in a while, coming in second with a 17.8% share. Screaming Eagle’s Oakville Cabernet Sauvignon absolutely dominated, making up over 65% of US trade. Prices for the 2022 vintage have dropped about 22% since January, which has sparked fresh demand, especially among buyers in the UK, Europe, and Asia. Harlan Estate and Sine Qua Non’s Eleven Confessions also featured prominently.
Champagne bounced back after a few quieter weeks, securing a 14.5% market share. High value cuvées were the main story here, with Jacques Selosse 2012 and Krug 1995 magnums among the most traded. It’s a good sign that collectors are turning back to prestige bubbles.
On the other hand, Burgundy slipped to 12.3%, down from its usual ~25%. Interestingly, Macon, Puligny-Montrachet, and Chablis stood out as the most active sub-regions, suggesting a focus on value and classic white, Burgundy styles.
Spain saw a small bump, moving from 2.3% to 3.5% of the market. Vega Sicilia led the charge, with Valbuena 5° and Toro Pintia even outpacing their flagship, Unico.
Who’s Buying?
US and Asian buyers were neck and neck this week, each accounting for about 18% of total trade value. With new tariff announcements expected soon, it looks like US buyers are taking the opportunity to secure stock at current rates – especially high-value, low-volume Bordeaux, Burgundy, and Champagne.
Top-Traded Wines by Value
- Screaming Eagle 2022 was the clear standout. Even though it has lost about 22% since January, this price correction seems to have reignited strong demand.
- Jacques Selosse 2012 continued its strong run.
- Krug 1995 magnums following a period of drifting lower, they’ve bounced back, hinting at renewed support.
- Lafite 2010 also featured, even though it is trading at roughly half its original release price. Interestingly, magnums saw no premium this week.
Other Market News
The recent Knight Frank Wealth Report has confirmed what many in the trade have long suspected: London leads the world when it comes to the depth of fine wine offerings.
