Liv-ex saw its first ever trade for Chinese wine on Wednesday, when a 6×75 case of Ao Yun 2013 traded. It then saw a further flurry of activity on the market, with trades ranging between £1,410 and £1,600 per 6×75.
Ao Yun is owned by LVMH and managed by Jean-Guillaume Prats (formerly of Cos d’Estournel). The 2013 is a blend of 90% Cabernet Sauvignon and 10% Cabernet Franc.
James Suckling noted the wine’s “beautiful structure and depth”, adding: “This is a wine that really impresses with all the finesse and quality of tannins.”
Bordeaux, Burgundy, Italy, Champagne and the Rhone are the major regional groups of fine wines that regularly see secondary market activity. However, the secondary market for fine wine has been broadening. In August, Liv-ex saw its first ever trade for English wine when one 6×75 case of Nyetimber, Classic Cuvee, 2010 traded on the Exchange.
Wines from around the world do regularly trade on the Exchange. This year the fine wine market has seen activity from New Zealand, Lebanon and Chile, among others. As shown in the chart below, this group – the ‘rest of the world’ – has seen increased market share in recent years.