Recent trading activity
Bordeaux’s First Growths and Burgundy’s grands crus continued to lead trade this week. This included trade for Château Lafite Rothschild 2015 and Château Mouton Rothschild 1986.
The 2019 vintages of Domaine de la Romanée-Conti’s Echezeaux, Trapet Père et Fils Chambertin and Domaine d’Auvenay Bonnes Mares 2005 also found buyers, as did the 2006 vintage of Dom Pérignon in what has been a quiet week for Champagne.
Trade for ‘on’ vintage classed growth claret
*made using the Liv-ex Charting Tool
As well as blue chip grands crus, this week has seen a steady tempo of activity for other Bordeaux classed growths.
Château Lynch-Bages 2010, Château Léoville Las Cases 2019, Château Léoville Barton 2016, Château Pichon Longueville Comtesse de Lalande 2016 and 2017 are among some of the wines that traded.
With the exception of the 2017 vintage, there has been a marked preference for ‘on’ vintages such as 2016 and 2019.
William Kelley of the Wine Advocate recently awarded the Pichon Comtesse 2016 100-points. He said it was one of the estate’s ‘greatest wines of the modern era’ and ‘should prove almost immortal’.
The market has already taken note of the Pichon Comtesse 2016’s potential. Since release it has risen 61.1% in value and has a current Market Price of £2,175 (12×75).
Its recent performance has been slower and it has risen just 1.2% in value over the last year. By contrast, the Las Cases 2019 and Lynch-Bages 2010 have risen more over the same period. Both wines are up 13.4% and 6.8% respectively, while remaining under £2,000 per case.
The Lynch-Bages was rated 97-points by Kelley earlier this year and the Las Cases has a score of 98-points.
The Bordeaux indices such as the Left Bank 200 are seeing some of the smallest monthly rises at present, which is good news for buyers keen to stock up on highly-rated wines from strong vintages.
Opportunities to buy Bordeaux
There are always thousands of LIVE bids and offers for Bordeaux across all appellations and price level.
Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 600 merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 16,000 wines. Independent data, direct from the market.
