Recent trading activity
Champagne was in the spotlight mid-week, with the 100-point (JA) Dom Pérignon 2008 leading the way. Non-vintage Champagnes such as Ruinart’s Rosé also enjoyed steady trade by volume.
Piedmont activity also increased, with Bruno Giacosa Barolo Falletto Le Rocche del Falletto di Serralunga d’Alba Riserva 2004 and Vietti Barolo Lazzarito 2012 changing hands.
Meanwhile, the 2020 and 2019 vintages led the Bordeaux market. Château Cheval Blanc 2018, Château Canon 2020, and Château Lynch Bages 2020 were some of the wines that traded.
The performance of the First Growths and their second wines
*made using the Liv-ex Charting tool.
Prices for the First Growths and their second wines have been falling. As the chart above shows, the Liv-ex Fine Wine 50 and the Second Wine 50 have been the worst-performing Bordeaux 500 sub-indices over the past six months.
The Liv-ex 50 has been falling since September last year, declining 2.8%. The Second Wine 50 has fallen the same amount since October.
The table below displays the average prices of the First Growths and their second wines over the past six months.
Château Mouton Rothschild has been the best-performing wine. On average its prices are up 1.3%. By contrast, prices for its second wine, Petit Mouton prices are down slightly (-0.3%).
In some cases, the performance of the First Growth and their second wine has been in unison, like Château Lafite Rothschild and Carruades Lafite, which have both fallen 2.5% and 2.1% respectively.
Other wines like Haut Brion have not fallen at the same rate as their second wine. Clarence Haut Brion prices, for example, are down 2.8%, while Haut Brion’s have fallen just 0.2% on average.
As a Liv-ex member, you can dig into the data behind these numbers using Indices Explorer. The tool allows you to rank the component wines of each index by its price performance.
*The average prices is based on the 2010-2019 vintages with the exception of Latour and Forts Latour, which cover the 2005-2014 and 2007-2016 vintages respectively. The average prices are based on Liv-ex Mid-Prices.
There are currently over 5,073 LIVE Bordeaux opportunities on your exchange, including the First Growths and their second wines.
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 £80m of bids and offers across 16,000 wines.
