Recent trading activity
There was continued demand for Château Margaux 2005, with other Bordeaux trade centering around Château Beychevelle 2014, Château Lynch-Bages 2005 and Château Figeac 2014.
Burgundy trade has increased as the week has progressed, with the region accounting for 40.6% of the total over Tuesday 13th and Wednesday 14th December.
The top traded wines included Domaine de la Romanée-Conti’s Richebourg 2010 and La Tâche 2019, as well as Domaine Armand Rousseau Chambertin 2016.
Champagne trade was led by demand for Dom Pérignon’s Lady Gaga Rosé 2008, and the Rhône’s Clos des Papes Châteauneuf-du-Pape 2020 led trade by volume.
Bordeaux trade rises in December
Bordeaux is the only region to have seen its share of trade increase throughout December so far. The region’s trade has risen from 32% to 42% of total activity on the secondary market as Christmas approaches.
As examined in the end of year report, market sentiment around some regions, notably Champagne and Burgundy, has started to become increasingly negative in the latter half of the year.
This is in stark contrast to last year when they were the market-leading regions. Burgundy’s trade did fall in the second week of the month but has subsequently seen a recovery. The same is true of the Rhône. By contrast, trade for Champagne, the Italian regions and the US has drifted.
However, one region where sentiment remains strong is Bordeaux. Although its bid:offer ratio has fallen since the market highs of 2021, it remains at 0.7 – just above the 0.5 threshold that is considered an indicator of positive sentiment.
Despite market headwinds and a more subdued trading environment, an appetite for fine wine remains.
As a Liv-ex member, you can make the most of this by getting your positions live before you go on holiday. The Liv-ex exchange will remain open throughout Christmas and New Year, meaning you can trade from the comfort of your own home.
Automation customers can also offer these 20,000 LIVE opportunities to their clients, whether it is Christmas or the weekend.
Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 600 merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £80m of bids and offers across 16,000 wines.