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May 30, 2022 View:

Liv-ex Weekly Trading Summary Romain Conti DRC most active

For the smaller premium wine regions, this week was particularly significant. The South African wine Mullineux NV Olerasay 2 achieved a perfect score of 100 Neal Martin (Vinous), the first perfect score for this wine region.

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In addition, Neal also released his UK Wine Report, in which he gave the Wiston Blanc de Blanc 2015 95 points, the highest score ever for a UK sparkling wine. Wiston Blanc de Noir 2010 scored 93 points. Wine Advocate"s Luis Gutierrez also gave Spanish wines Descendientes de Jose Palacious La Faraona 2018 and 2014 100 out of 100 points.

As the market continues to expand and is driven by a number of large Roman Conti DRC deals, Bordeaux's share of total value traded (30.9%) falls below that of Burgundy (33.6%); this is a first in Liv-ex history. Bordeaux's share of total value traded has been above 50% in every year until 2020, and was as high as 73.3% in 2016. So far this year, Bordeaux's share of the total value traded has been replaced by several regions, and is now only 45.8%.

This year saw further significant growth in transactions in the secondary market in the United States (8.0%), the Rhone (2.5%) and other wine regions (3.7%).

Champagne (12.4%) and Italy (8.95) both saw annual increases in share, although they were down from the previous week.

The chart below shows the shift in trade share by wine region.

Image courtesy of: Liv-ex

Among the week"s top five most traded wines in terms of total value, Romanee Conti DRC, Romanee Conti 2016 topped the list, as did the slightly higher priced (+6.0%) 2000. Romanee Conti accounted for 52% of Burgundy's transactions, while Armand Rousseau accounted for 22%.

Screaming Eagle Cabernet Sauvignon made the Top 5 for the third week in a row, this week for its 2016 vintage. The wine has received unanimous praise from critics, scoring full marks from James Suckling, Lisa Perrotti-Brown and Antonio Galloni 100. The release price was £9,545 (1,275 per case); the price has more than tripled since then.