Bordeaux 2018 in demand after Wine Spectator rankings

By November 19, 2021Fine Wine Market, Talking trade

Wine Spectator’s top wines of 2021 are seeing secondary market action while Burgundy’s trade share outshines Bordeaux this week.

  • Three Bordeaux 2018 wines have been in high demand following end-of-year rankings by the Wine Spectator and James Suckling.
  • The most traded wines by value this week came from Burgundy and Champagne.
  • Burgundy’s trade share reached a high of 37.7%, surpassing Bordeaux for the second time this year.

Wine Spectator’s top 10 drives demand for Bordeaux 2018

The annual Wine Spectator’s top 100 rankings are reaching their culmination, with the wine of the year being revealed later today (Friday 19th November). The wines revealed in the top 10 have already been met with strong demand, including two highly placed Bordeaux 2018s.

Number two on the Wine Spectator list, Château Pichon Longueville Lalande 2018, has received many bids and last traded 9.1% above its current Market Price.

Number eight, Château Léoville Poyferré 2018, has also seen multiple trades since the announcement. The wine last traded at £880 per 12×75, up 16.2% on its Market Price.

Léoville Poyferré 2018 trades on Liv-ex

Similarly, Château Trotanoy 2018 – which took the 10th spot in James Suckling’s top 100 wines of 2021 – has been in buyers’ sights since Suckling released the full rankings yesterday.

The most traded wines this week

The most traded wines by value this week, however, came from Burgundy and Champagne – the two regions that have seen the biggest price increases this year.

The 2001 and 2002 vintages of Domaine Leroy Chambertin Grand Cru last traded for £128,000 and £106,000 per 12×75, respectively.

Salon 2012, which will be officially released in the UK later this month, has also traded on the secondary market, with a trade price of £10,732 per 12×75.

Liv-ex members can read our latest overview of the Champagne market and find out what’s behind the region’s impressive performance this year.

Regional trade share this week

Trades of high value Burgundy helped elevate the region’s value share of the market to 37.7%, surpassing that of Bordeaux for the second time this year. Bordeaux dipped to a low of 22.8%. Year-to-date, the region’s trade share sits at 39%.

Champagne’s trade share also more than doubled from last week, fuelled by activity for the 2012 vintage.

In the news this week

The Tuscan estates Masseto and Ornellaia will reportedly open an office in Bordeaux in order to work more closely with the city’s négociants in the first quarter of 2022. Masseto is the second most traded wine by value from Tuscany so far in 2021; Ornellaia the sixth.

Earlier this week, Treasury Wine Estates announced the purchase of three Cru Bourgeois estates – Châteaux Belle-Vue, Gironville and Bolaire, adding to its existing ownership of Cambon la Pelouse.

Meanwhile, Château Clos Fourtet has taken legal action to cancel the €75 million sale of Château Beauséjour Duffau-Lagarrosse to a member of the family backed by the Clarins cosmetics group.

Liv-ex’s weekly insights covered the most searched for wines by region this year, while members received exclusive updates on the performance of Bordeaux 2019 since release, Austrian wine and Beaujolais.

 

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 530+ 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. Independent data, direct from the market.

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