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May 30, 2022 View:

Liv-ex Weekly Trading Summary Record number of independent LWINs traded

The number of individual LWINs (Generic Wine and Spirits Identification Numbers) traded reached an all-time high in July this year, surpassing 1,000 for the first time; and was more than 20% higher than the next highest month. Italy saw the largest increase, with a 30% jump over the previous month, and in the first week of August, more than 400 LWINs11 were traded.

Image courtesy of: Livex Premium Wine Market

The breadth of trading can be reflected in the share of the total value of transactions in the wine regions (as shown in the chart above). The share of Bordeaux (32.0%) declined for the second consecutive month, well below its average level for 2019 (54.5%). In contrast, Burgundy"s share started to recover (30.8%) from its low level in the first half of the year (15.5%).

The Italian share (12.8%) is about the same as its average for July. Champagne (6.2%), Rhône (3.5%) and Other (8.7%) all increased from the previous week; however, the US (6.0%) fell back.

The breadth of wines available for sale on the Liv-ex platform is highlighted by this week's top five rankings in terms of total value of transactions: the top five are all from five different wine regions. However, 2016 was the favorite vintage, which accounted for 19% and 16.7% of the total value and volume of transactions, respectively.

Chateau Lafite Rothschild was the most active in 2016, ranking first. This wine has previously been in the top five; it was even the fourth most traded wine in terms of total value in the first half of the year, only slightly below its 2010 vintage.

The newly released Penfolds Grange Penfolds Grange 2016 and Harlan Estate Napa Valley Harlan 2016 with 100 perfect scores also made the list.

A number of wines from smaller wine regions also traded, including the English wine Wiston Estate Blanc de Blanc 2011; this is the second time it has sold in the past month. In fact, back in 2016 at this moment, Nyetimber Classic Cuvee became the first English wine to trade on the Liv-ex platform, selling for £120 (675 per case).