Secondary market: trade after the first sale

Name: Domaine aux Conseillans
Address: 35 Chemin du Limancet, Saint-Caprais-de-Bordeaux, Nouvelle-Aquitaine, 33880, FR
Telephone: +33619700435
Price range: €€

The standard

A producer-independent price formation measures a wine's value by what a later buyer pays, not by the estate's release price.

Criteria

The producer is no longer party to the transaction
The price follows supply and demand, not a list
Availability and state of maturity shift the value
Proof of provenance and storage determine tradability

Distinction

Secondary market ≠ primary market: the primary market is the first sale by the producer, the secondary market any trade thereafter. Secondary market ≠ market price: the market price is a figure, whereas producer-independent price formation describes the path by which it arises.