Bordeaux accounts for 41% of Liv-ex trading value as Burgundy gains ground

Bordeaux leads with 41%

In a market update published on Monday, November 2, Liv-ex said Bordeaux had extended its lead in the fine-wine market, accounting for 41% of traded value during the latest reporting period. The 2019 and 2020 vintages generated the most activity, while the older 2005, 2006 and 2009 vintages also traded actively.¹

The geographical balance of demand changed from the previous update. Buyers in the United Kingdom and United States reduced spending by more than 20%, after leading purchases in the earlier period. Asian buying eased slightly, whereas purchases from the European Union increased moderately.¹

Calon Segur 2006, Leflaive Puligny-Montrachet Les Pucelles 2023 and Lynch-Bages 1996 were the market’s most-traded wines by value. The group encompassed both mature Bordeaux and younger Burgundy.¹

Burgundy rises as Champagne retreats

Burgundy’s share of traded value climbed from 15.7% in the previous update to 20.8%. Domaine de la Romanee-Conti and Domaine Leflaive were its leading producers by value and together represented about one-third of Burgundy trading.¹

Champagne’s share moved in the opposite direction, declining from 13.0% to 8.5%. Belle Epoque 2018, Krug 1996 and Dom Perignon 2003 were the region’s most-traded wines by value, while Laurent-Perrier ranked as its top-traded producer overall.¹

Tuscany reaches 11.6%; Piedmont falls to 4.0%

Tuscany secured 11.6% of traded value during what Liv-ex characterized as a strong week. Soldera Case Basse and Sassicaia were among the wines traded most heavily by value, with European Union buyers driving purchases in the region.¹

Piedmont’s share fell to 4.0%. Trading was concentrated among established producers: Giacomo Conterno and Gaja together accounted for more than half of the region’s value.¹

U.S. wines lose market share

Wines from the United States represented a smaller share of the market than in the previous update, although Opus One, Colgin and Promontory continued to trade actively.¹

Older vintages remain active

Liv-ex’s figures provide merchants, importers, distributors and producers with an indication of fine-wine liquidity and international demand. Bordeaux’s turnover, including activity in the mature 2005, 2006 and 2009 vintages, showed that buyers continued to commit funds to older, prominent wines as regional market shares shifted. Such movements can inform inventory and pricing decisions, while weaker spending in the United Kingdom and United States puts greater attention on demand in continental Europe and Asia; available stocks, release schedules and resale opportunities can affect decisions ranging from private cellars to commercial portfolios.¹