Recent trading activity
Bordeaux continues to lead trade since last Friday, accounting for 40.0% of regional trade by value. It was notably buoyed by Château Lafite Rothschild 2016 and Château Angélus 2020 trading.
Burgundy also experienced an uptick in trade, representing 28.5% of the total value, while Champagne accounted for 13.3% of total trade, with Louis Roederer, Cristal 2015, Rare 2013 and Taittinger, Comtes de Champagne Blanc de Blancs 2008 trading.
Spotlight on 2014 Bordeaux wines
As the Bordeaux 2014 vintage approaches its tenth anniversary, we anticipate a surge of “ten years on” retrospective tastings in 2024, redirecting attention to this frequently overlooked vintage.
In a series of updates, we will be highlighting the value to be found in this vintage and a number of opportunities to take advantage of before 2014 wines come back into the spotlight.
2014 Bordeaux wines – wines with the highest return on investment
In our analysis of 2014 Bordeaux wines last week, we focused on wines that have a correlation with age and have therefore appreciated in value with the passing of time. This week, we explore the wines that make up the Bordeaux 500 and identify the 2014 wines that have increased the most in value since their release.
Looking back to 2005, the wine market has experienced some ups and downs, but several vintages have risen above the rest in terms of collector returns. As depicted in the chart below, following the 2008 financial crisis, three vintages stand out as offering the best returns from the point of release: 2012, 2014, and 2015.
Looking at the wines that make up the Bordeaux 500, 45 out of 50 wines from the 2014 vintage have experienced an increase in value since their initial release, with only four experiencing a decrease and one maintaining its original value. The chart below shows the 15 biggest risers in the index:
Despite its relatively low score of 88 points from Neal Martin, Carruades de Lafite 2014 has increased in value the most out of all the wines, with its Market Price rising by 258.7% since its release. It is currently available at a Market Price of £3,200 per case.
Château Ducru-Beaucaillou 2014 was initially released at £750 per case; its current Market Price of £1,340 is 78.7% up from the release price. The graph below indicates ongoing activity as shown by the green and blue lines representing best live bids and offers. While the wine is currently trading at an all-time high, there remains potential for further appreciation.
While Château Montrose 2014 has recorded a 15.3% increase in Market Price since release to reach £960 per case currently, it has previously reached higher peaks, including £1,050 per 12×75 in August 2017, £1,032 in October 2018, and £1,030 in October 2021. This history suggests the potential for the price to rebound to those levels.
There are currently 180 LIVE bids and offers on 2014 Bordeaux wines on Liv-ex. Log in to the exchange to see them and trade.
In case you missed it:
Here’s what we’ve been reading:
- Liv-ex: Taittinger Rosé 2011 pricing analysis
- The drinks business: Champagne yields to drop in 2023 as sales decline
- Bloomberg: The Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It Began
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 620+ 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.
