31 Aug Burgundy’s market share surpasses 50% for the first time
By Liv-ex August 19, 2022
- Burgundy accounted for 51% of total trade this week.
- The top traded wines this week – DRC Romanée-Conti 1995 and Armand Rousseau Chambertin Grand Cru 1999 – contributed to this high level.
- Weekly insights included analysis on Figeac and Canon’s market performance and rising demand for ‘on’ vintage Bordeaux.
Regional trade this week
For the first time in the history of the secondary market, Burgundy accounted for more than half the week’s trade. So far, only Bordeaux has ever held a weekly share above 50%. Trade of high value wines from Domaine de la Romanée-Conti and Armand Rousseau contributed to this result.
With Burgundy accounting for such a high proportion of trade, the shares of other regions largely declined. Bordeaux fell to 20.9%, with trade by value centering around its 2015 and 2010 vintages. Champagne took 13.9%, led by its 2008 vintage.
Trade for the ‘others’ (3.2%) was dominated by Germany (0.7%) and Spain (0.6%).
This week’s top traded
Apart from Burgundy’s top domains, Champagne was once again in vogue, with Dom Pérignon 2008 and Louis Roederer Cristal 2008 continuing to enjoy high demand.
Château Margaux 2015, which boasts 100-points from James Suckling and Jeb Dunnuck, also made it into this week’s top traded. The wine last changed hands 1.4% below its current Market Price (£11,800 per 12×75), but 173.6% above its release (£4,250).